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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