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C-14 - Railway Act

Section 39
Disposition versions

Full text
39. Shareholders, willing to advance the amount of their shares, or any part of the money due thereon, beyond the sums actually called for, may pay the same.
Upon the principal moneys so paid in advance, or so much thereof as exceeds the amount of the calls then made upon the shares in respect to which such advance is made, the company may pay such interest, at the legal rate of interest for the time being, as the shareholders paying such sum in advance and the company agree upon; but such interest shall not be paid out of the capital subscribed.
R. S. 1964, c. 290, s. 39.
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