247E
In forceShareholding does not prevent compensation claim
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2FMembers’ rights and remedies
Part 2F.4Proceedings against a company by members and others
247E Shareholding does not prevent compensation claim
A person is not prevented from obtaining damages or other compensation from a company only because the person:
(a)
holds, or has held, shares in the company; or
(b)
has subscribed for shares in the company; or
(c)
has a right to be included in the register that the company maintains under section 169.
This Act’s bill:Explanatory memorandumSecond reading speech
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