C-44 - Gas, Water and Electricity Companies Act

Section 52 Disposition versions

1977-12-31

52. The directors may call in and demand from the stockholders, respectively, all sums of money by them subscribed, at such times and in such payments or instalments as such directors deem proper, provided that no one instalment shall exceed ten per cent, and that not less than one month shall elapse between the calls for any two instalments, save and except in the case of any original stock of any company formed before 30 May 1855 (the date of the coming into force of the Act 18 Victoria, Chapter 94) in which latter case not less than three months shall elapse between such calls.

R. S. 1964, c. 285, s. 52.