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Gas Industry Restructuring Act 1986
39Liability of shareholders of AGL, Newcastle Gas Co
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39 Liability of shareholders of AGL, Newcastle Gas Co
39 Liability of shareholders of AGL, Newcastle Gas Co
(1) This section applies:
(a) to The Australian Gas Light Company and the Newcastle Gas Company Limited, and
(b) notwithstanding the provisions of any memorandum or articles of association.
(2) The liability of a member or past member of a company to which this section applies to contribute to the property of the company on a winding up of the company does not exceed the amount (if any) unpaid on the shares in respect of which the member is liable as a present or past member.