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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 24

Power to allow interest on payment of subscriptions before call.

24. It shall be lawful for the company, if they think fit, to receive from any
of the shareholders willing to advance the same all or any part of the monies
due upon their respective shares beyond the sums actually called for; and upon
the principal monies so paid in advance, or so much thereof as from time to
time shall exceed the amount of the calls then made upon the shares in respect
of which such advance shall be made, the company may pay interest at such
rate, not exceeding the legal rate of interest for the time being, as the
shareholder paying such sum in advance and the company shall agree upon.

© 1845 Crown Copyright

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