Section 76(3)
IA 1986
Insolvency Act 1986 · United Kingdom
A person from whom any of the shares were redeemed or purchased is liable to contribute an amount not exceeding so much of the relevant payment as was made by the company in respect of his shares; and the directors are jointly and severally liable with that person to contribute that amount.
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Source: legislation.gov.uk · retrieved 2026-09-04