661 Liability of others where nominee fails to make payment in respect of shares
Companies Act 2006 (2006 c 46) | Legislation

661  Liability of others where nominee fails to make payment in respect of shares

(1)     This section applies where shares in a limited company—

(a)     are taken by a subscriber to the memorandum as nominee of the company,

(b)     are issued to a nominee of the company, or

(c)     are acquired by a nominee of the company, partly paid up, from a third person.

(2)     If the nominee, having been called on to pay

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