Section 581

A company, if so authorised by its articles, may— make arrangements on the issue of shares for a difference between the shareholders in the amounts and times of payment of calls on their shares; accept from any member the whole or part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up; pay a dividend in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.

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Source: legislation.gov.uk · retrieved 2026-09-04