Section 194
Shareholders not bound to acquire additional shares by alteration to constitution
ActIn forceProvision 194 of 768
Section 194
Unless a shareholder agrees in writing, the shareholder is not bound by an alteration of the constitution of a company that—
(a)
requires the shareholder to acquire or hold additional shares in the company more than the number held on the date the alteration is made; or
(b)
increases the liability of the shareholder to the company.