Western Australian Consolidated Acts

COMPANIES (CO-OPERATIVE) ACT 1943 - SECT 62

62 .         Power of company to arrange for different amounts being paid on shares

                A company, if so authorised by its articles or by special resolution, may do any one or more of the following things, namely: —

                  (i)         Make arrangements on the issue of shares for a difference between the shareholders in the amounts and times of payment of calls on their shares:

                  (ii)         Accept from any member who assents thereto the whole or a part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up:

                  (iii)         Pay dividend in proportion to the amount paid up on each share where a larger amount is paid upon some shares than on others.