CORPORATIONS ACT 2001 No. 50, 2001 - SECT 516 Company limited by shares
CORPORATIONS ACT 2001 No. 50, 2001 - SECT 516
Company limited by sharesSubject to sections 518 and 519, if the company is a company limited by shares, a member need not contribute more than the amount (if any) unpaid on the shares in respect of which the member is liable as a present or past member.