INDEX Law of Property Act, 1925—continued mortgager, remedies of under, 196, 205 subsequent, notice of prior charge, 197 provisions as to execution of instruments, 153 provisions as to power of attorney, 271, 276, 278, 281 “purchaser,” definition of, 74 receiver, power to appoint under, 196 Lease may be a security in Scotland, 311 Leasehold property possession of, by liquidator, 242 disclaimer of, where onerous covenants, 243 Ledger. See Accounts. Legacy stamp duty on transfer of - Legal expenses allowance on taxation, Legal interest transfer of shares in statutory companies, when passes, 302 Letter of request, 87 form of, 462 Letters allotment and regret, 53 et seq. allotment duty on, 55, 357, 383, 588 indemnity and request, 43, 192 renunciation, 53, 357, 383, 388 form of, 477 Liability, reserve, 43 Liability, shareholders’ increase of, to contribute to share capital, by alteration of memorandum or articles, not binding, 43 Licence Board of Trade, of, dispensing with word ‘ limited,” 4, 10 land, holding, 9g Lien, 24, 64, 93 articles usually provide for, gcompany can sue for, 24 on company’s books (in winding-up), 2471 on shares, 93 notice of, company receiving, 64 form of reply to bankers, etc., 466 solicitors’ on company's book ; effect on liquidator, Stock exchange requirements as to, 93, 413 transfers of shares, how affected by, 93 insurance policy. definition of, 370 duty on, 371 Limitation of liability clause. 17 ‘Limited,’ abbreviated form ‘ Ltd." permissible, ° dispensing with use of word, 4, 10. 12 memorandum must contain word, penalty for improper use of word. penalty for improper use of word, 72 Statutory companies do not use wort Limited liability fate of first application to comnanie bn