DAIRY COMPANY SHARES.
PROPOSED NEW LAW." ; The Co-operative. Dairy Companies, Jijll provides for tbo registration of co-o'pei - ativo dairy companies under the Companies Act, 1903, and applies only to those which are sp registered. Accompany may require or ab-j' copt from a surrender 'ot : any of his shares, which may then bo.re T issued. The ' riiimlier of shares so'surrendered and not'Y6-issued shall not at any time exceed ono-fiftll'bftlie balanco'of the shares. When shares art'•voluntarily .surrendered, -tliq shareholder shall' be paid a siim'agreed out of the assets of the company,-.'bin-.^..ci 1 ' agreement iiiust'bo' approved of by "'a ::v.B!ii- : tion of the sbaroboltlers. A company by resolution of the shareholders, rciY.iii't!'Viiy' shareholder to surrender' all' 'U',.Sh - ,'-''of I , is' shares on pnyWent of tlip-amount^fa!.l';i.ip' or deemed to be' paid up siia'VS; with interest iif.' fiper ceiit. from '£li'e ; 'end of tho conipany's'provious finanuiiir'ycaf Vp tho date of the surrender. This provision" is.not; to apply tp shares;allotted before .the ,, pasSjiig' of the Act. -'-: -.-'•■■- -■"-•■■' ■■-- '-''''-■
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https://paperspast.natlib.govt.nz/newspapers/DOM19071114.2.79.5
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Dominion, Volume 1, Issue 43, 14 November 1907, Page 9
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160DAIRY COMPANY SHARES. Dominion, Volume 1, Issue 43, 14 November 1907, Page 9
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