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The liability of members in a company limited by shares extends to:

Under s.2(22), members of a company limited by shares are liable only "to the amount, if any, unpaid on the shares respectively held by them". An amount undertaken in the…

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The liability of members in a company limited by shares extends to:

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Under s.2(22), members of a company limited by shares are liable only "to the amount, if any, unpaid on the shares respectively held by them". An amount undertaken in the memorandum to contribute on winding up is the measure for a company limited by guarantee.

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