Section 18 Sale of forfeited shares.
United Kingdom
Any share so forfeited shall be carried to an account to be called “The Account of Forfeited Shares,” and shall be deemed to be the property of the company, and may be disposed of in such manner as the company thinks fit; and any shareholder may purchase any such share if sold.
Notes on the whole Act
Textual amendments
- F1
Act repealed (19.11.1998) by 1998 c.43, s.1(1), Sch. 1 Pt. X Group 1