Companies Act 1856 (SA)

No. 5.

[Assent,ed to, December 11, 1856.1

HEREAS it is expedient to amend certain provisions of an Act Preamble.

W of the Governor and Legislative Council, intituled " An Act to	provide for the Registration of Joint Stock Companies, and for Lindt-
iog the Tiability of Members tllcrcof," and being No. 25 of 1855-6, by enabling the Mernbers of Banking and .4ssur;tnce Companies, established in this Provirtce, to limit their liability under certain restrictions-i2c it therefore enacted, by his Excellency the Governor- in-Chief of the Province of South Australia, by and with the consent
of the Legisliitive (!ouncil ther~of, as follows:

That so much of the said Act as prohibits the Mernbers of Joint Banking and Aesur-

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Stock, B;mking, and Assurance Companies from limiting their lia- liability further than to the amount of the nominal capital of such Banking or Assurance Company, and that one-fifth, at least, of such iiorninal capital shall have bcen paid up by the Members thereof:

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bility under the provisions of the said Act, shall be and the same is

hereby repealed: Provided always that the Members of any such

And provided always that no such Company as is herein mentioned Provino that the At-

s h d be so permitted to limit its liability until the deed of settlement, tonq-General ehall

under which the same is constituted, shall haw been laid before the ,,,,1,,,,,~	approve of deed of
Attorney-General, and shall have been certified by him to be of a nature to entitle such Company to avail itself of the provisions of the said Act.

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Adhide: Printed by authority, by W. C. Cox, Government, Printer, Victoria-aquare.