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The Joint-stock Companies Act, 1857

LXIV. Definition of "contributory," and legal character of his liability.-

Any existing or former shareholder, upon whom calls are authorized to be made by the Third Part of this Act, is hereinafter called a "contributory"; and the representatives of any deceased contributory shall be liable in a due course of administration to the same extent as such contributory would be liable under this Act if alive.

Joint-Stock Companies Act, 1857 Back

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