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[1.]. Act to apply to all companies incorporated by Acts hereafter to be passed.
2. Interpretation in this Act: “The special Act:” “Prescribed:” “The undertaking.”
3. Interpretations in this and the special Act: Number: Gender: “Lands:” “Lease:” “Month:” “Lord ordinary:” “Sheriff:” “Justice:” “Two justices:” “The Company:” “Directors:” “Shareholder:” “Secretary.”
5. Form in which portions of this Act may be incorporated with other Acts.
And with respect to the distribution of the capital of...
11. Certificates of shares to be issued to the shareholders.
And with respect to the transfer or transmission of shares,...
19. Transmission of shares by other means than transfer to be authenticated by a declaration.
And with respect to the payment of subscriptions and the...
25. Power to allow interest on payment of subscriptions before call.
And with respect to the forfeiture of shares for nonpayment...
31. Notice of forfeiture to be given before declaration thereof.
35. No more shares to be sold than sufficient for payment of calls.
36. On payment of calls before sale the forfeited shares to revert.
Execution against Shareholders
And with respect to the remedies of creditors of the...
38. Execution against shareholders to the extent of their shares in capital not paid up.
And with respect to the borrowing of money by the...
55. Interest to cease on expiration of notice to pay off mortgage or bond.
56. Arrears of interest, when to be enforced by appointment of a judicial factor. Arrears of principal and interest.
And with respect to the conversion of the borrowed money...
61. If old shares at premium, new shares to be offered to original shareholders.
62. Shares to vest in the parties accepting; otherwise to be disposed of by the directors.
And with respect to the consolidation of the shares into...
And with respect to the general meetings of the company,...
73. Extraordinary meetings may be required by shareholders to be convened.
83. Proof of a particular majority of votes only required in the event of a poll being demanded.
Appointment and rotation of Directors
And with respect to the appointment and rotation of directors,...
87. Existing directors continued on failure of meeting for election of directors.
90. Shareholder of an incorporated joint stock company not disqualified by reason of contracts.
And with respect to the powers of the directors and...
94. Powers of the company not to be exercised by the directors.
And with respect to the proceedings and liabilities of the...
100. Contracts by committees or directors, how to be entered into.
101. Proceedings to be entered in books, and to be evidence.
102. Informalities in appointment of directors not to invalidate proceedings.
103. Directors not to be personally liable. Indemnity of directors.
And with respect to the appointment and duties of auditors,...
109. Delivery of balance sheet, &c. by directors to auditors.
And with respect to the accountability of the officers of...
112. Security to be taken from officers intrusted with money.
115. Officers refusing to deliver up documents, &c. to be imprisoned.
116. Where officer about to abscond, a warrant may be issued in the first instance.
And with respect to the keeping of accounts, and the...
120. Inspection of accounts by shareholders at stated times.
122. Book-keeper to allow inspection of the accounts at appointed times.
And with respect to the making of bye laws, be...
127. Power to make bye laws for the officers of the company.
129. Bye laws to be so framed as that penalties may be mitigated.
And with respect to the settlement of disputes by arbitration,...
131. Appointment of arbitrators when questions are to be determined by arbitration.
134. Board of Trade empowered to appoint an umpire, on neglect of the arbitrators.
And with respect to the giving of notices, be it...
Recovery of damages and penalties
And with respect to the recovery of damages not specially...
145.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
146. Method of proceeding before the sheriff or justices in questions of damages, &c.
149. Penalties to be summarily recovered before the sheriff or two justices.
152, 153.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
155.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
157.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
159, 160.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
161. Proceedings not to be quashed for want of form, nor removed by suspension.
163, 164.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
And with respect to the provision to be made for...
165. Copies of special Act to be kept and deposited, and allowed to be inspected.
166. Penalty on company failing to keep or deposit such copies.
167.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULES referred to by the foregoing Act