ACT 100
TRUST COMPANIES ACT 1949 (REVISED - 1973)

LIABILITY OF OFFICERS



Section 26. Liability on winding up.


Upon the winding up of a trust company, every person who has been a director of the company at any time within the period of two years immediately preceding the commencement of the winding up shall become liable for the balance unpaid on every share which he may have transferred during those two years.


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