All sections · Part V: Shares · Sub-Part II: Issue of shares
54 Consent to issue certain shares
The issue by a company of a share that —
(a) increases a liability of a person to the company; or
(b) imposes a new liability on a person to the company,
is void if that person, or an authorised agent of that person, does not agree in
writing to becoming the holder of the share.
(a) increases a liability of a person to the company; or
(b) imposes a new liability on a person to the company,
is void if that person, or an authorised agent of that person, does not agree in
writing to becoming the holder of the share.
