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Chartered Companies Act 1837

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XXIPerson ceasing to be a Member to continue liable till Transfer, &c registered.

And be it enacted, That any Person ceasing to be a Member of any such Company or Body, whether by the Transfer of any Share therein, or by Death or otherwise, shall be considered for all Purposes of Liability as continuing a Member of such Company or Body until a Return of the Transfer or other Fact whereby he shall have so ceased to be a Member shall be registered pursuant to the Provisions herein-before contained.

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