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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 33

Evidence as to forfeiture of shares.

33. A declaration in writing, by some credible person not interested in the
matter, made before any justice, or before any master or master extraordinary
of the High Court of Chancery, that the call in respect of a share was made
and notice thereof given, and that default in payment of the call was made,
and that the forfeiture of the share was declared and confirmed in manner
herein-before required, shall be sufficient evidence of the facts therein
stated; and such declaration, and the receipt of the treasurer of the company
for the price of such share, shall constitute a good title to such share; and
a certificate of proprietorship shall be delivered to such purchaser, and
thereupon he shall be deemed the holder of such share, discharged from all
calls due prior to such purchase; and he shall not be bound to see to the
application of the purchase money, nor shall his title to such share be
affected by any irregularity in the proceedings in reference to such sale.

© 1845 Crown Copyright

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