Secretarial practice

Bibliographic data

Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831623870

URN:: urn:nbn:de:zbw-retromon-241156

Document type:: Volume

Title:: Hospitals

Volume count:: Vol. 1, nr. 16

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1928

Scope:: [ca. 100] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Pittsburgh hospital

Collection:: Economics Books

Limited com- pany may have directors with unlimited liability. 542 SECRETARIAL PRACTICE 146.—(1) In a limited company the liability of the directors or managers, or of the managing director, may, if so provided by the memorandum, be unlimited. (2) In a limited company in which the liability of a director or manager is unlimited, the directors or managers of the company, if any, and the member who proposes a person for election or appoint- ment to the office of director or manager, shall add to that proposal a statement that the liability of the person holding that office will be unlimited, and the promoters, directors, managers, and secretary, if any, of the company, or one of them, shall, before the person accepts the office or acts therein, give him notice in writing that his liability will be unlimited. (3) If any director, manager, or proposer makes default in adding such a statement, or if any promotor, director, manager, or secretary makes default in giving such a notice, he shall be liable to a fine not exceeding one hundred pounds, and shall also be liable for any damage which the person so elected or appointed may sus- tain from the default, but the liability of the person elected or appointed shall not be affected by the default. Special resolu- 147.—(1) A limited company, if so authorised by its articles, ng may, by special resolution, alter its memorandum so as to render liability of unlimited the liability of its directors, or managers, or of any man- alm aging director. (2) Upon the passing of any such special resolution the pro- visions thereof shall be as valid as if they had been originally con- tained in the memorandum. Statement as to remuneration of directors to be furnished to shareholders. 148.—(1) Subject as hereinafter provided, the directors of a company shall, on a demand in that behalf made to them in writing by members of the company entitled to not less than one-fourth of the aggregate number of votes to which all the members of the company are together entitled, furnish to all the members of the company within a period of one month from the receipt of the de- mand a statement, certified as correct, or with such qualifications as may be necessary, by the auditors of the company, showing as respects each of the last three preceding years in respect of which the accounts of the company have been made up the aggregate amount received in that year by way of remuneration or other emoluments by persons being directors of the company, whether as such directors or other- wise in connection with the management of the affairs of the com- pany, and there shall, in respect of any such diretor who is— (a) a director of any other company which is in relation to the first-mentioned company a subsidiary company; or (b) by virtue of the nomination, whether direct or indirect, of the company a director of any other company; be included in the said aggregate amount any remuneration or other emoluments received by him for his own use whether as a director of, or otherwise in connection with the management of the affairs of. that other company:

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