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C-44 - Gas, Water and Electricity Companies Act

Section 54
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54. Such forfeiture shall discharge the holders of the shares so forfeited from all further liability, either to the company or to any third party, in respect of the shares so forfeited, but the holders of shares so forfeited shall lose whatever sum or sums they have paid on or for such shares, and no more.
R. S. 1964, c. 285, s. 54.
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