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Section 20 Payment notwithstanding forfeiture.

United Kingdom

Any shareholder whose share has been forfeited shall nevertheless be liable to pay all calls, interest, and expenses payable on or in respect of the same at the time of forfeiture.

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Act repealed (19.11.1998) by 1998 c.43, s.1(1), Sch. 1 Pt.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