Corporations Act 2001
SCHEDULE 4
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TRANSFER OF FINANCIAL INSTITUTIONS AND FRIENDLY SOCIETIES
PART 2
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FINANCIAL INSTITUTIONS THAT BECAME COMPANIES
Division 3
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Share capital
CLAUSE 19
19
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CALLS ON PARTLY-PAID SHARES
The liability of a shareholder for calls in respect of money unpaid on shares issued before the transfer date by a transferring financial institution of a State or Territory (whether on account of the par value of the shares or by way of premium) is not affected by the share ceasing to have a par value.
Note: See section 1465A .
[ CCH Note: The reference to " section 1465A " is a reference to the former Corporations Law.]
The liability of a shareholder for calls in respect of money unpaid on shares issued before the transfer date by a transferring financial institution of a State or Territory (whether on account of the par value of the shares or by way of premium) is not affected by the share ceasing to have a par value.
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