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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 516 Company limited by shares

CORPORATIONS ACT 2001 No. 50, 2001 - SECT 516

Company limited by shares

Subject 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.