Section 193

Subject to sections 82 and 83, if all or part of the consideration payable in respect of the issue of a share remains unsatisfied and the person to whom the share was issued no longer holds that share, the liability in respect of the unsatisfied consideration remains with the

Companies 223

person to whom the share was issued or any other person who assumed that liability at the time of issue and does not attach to the subsequent shareholders.

Shareholders not bound to acquire additional shares by alteration to constitution