Surrender of sharesU.K.
This
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Memorandwm Esboniadol
62.—(1) A member may surrender any share—
(a)in respect of which the directors may issue a notice of intended forfeiture;
(b)which the directors may forfeit; or
(c)which has been forfeited.
(2) The directors may accept the surrender of any such share.
(3) The effect of surrender on a share is the same as the effect of forfeiture on that share.
(4) A share which has been surrendered may be dealt with in the same way as a share which has been forfeited.
Commencement Information
I1Sch. 3 art. 62 in force at 1.10.2009, see reg. 1