Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 651C

Returning securities as part of election

             (1)  If under section 651B a person returns to a company any certificates (together with any necessary transfer documents) in respect of the securities issued by a company, the company must cancel those securities as soon as possible.

             (2)  An offence based on subsection (1) is an offence of strict liability.

Note:          For strict liability , see section 6.1 of the Criminal Code .

   



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