Disposal 0F Sums Paid to, and Dissolution of, Companies Other than Composite Companies, and Related Provisions

Clause 21 – in the House of Commons at 12:00 am on 28 April 1970.

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Amendment made: No. 36, in page 32, line 9, at end insert: (4) All liability of a company and of its directors in respect of any securities of the company shall cease on payment by the company in accordance with this section of all sums falling to be paid by it under this section in respect of those securities.—[Mr. Mulley]