Paragraph 32 No interest on distributionsI1
United Kingdom
The company may not pay interest on any dividend or other sum payable in respect of a share unless otherwise provided by—
(a)
the terms on which the share was issued, or
(b)
the provisions of another agreement between the holder of that share and the company.
Annotations
Commencement
- I1
Sch. 1 art. 32 in force at 1.10.2009, see reg. 1
Notes on Schedule 1
Modifications
- C1
Sch. 1 applied (with modifications) (24.11.2025) by General Cemetery Act 2025 (c. ii), ss. 1(2), 3(3)