Statute
Section 518 — Corporations Act 2001: Company limited both by shares and by guarantee
Text of the provision Official document
Subject to section 519, if the company is a company limited both by shares and by guarantee, neither of sections 516 and 517 applies but the member need not contribute more than the aggregate of the following: (a) the amount (if any) unpaid on shares in respect of which the member is liable as a present or past member; (b) the amount that the member has undertaken to contribute to the company’s property if the company is wound up.
Official source: Federal Register of Legislation
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from Australian courts and tribunals with a plain-English summary and legal holding.
Explore case law →