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DUTIES ACT 2001 - SECT 504
Aggregate minimum value and unencumbered value of particular shares
504 Aggregate minimum value and unencumbered value of particular shares
(1)
Despite any other provision of this Act, the shares comprising all of the
issued capital of a corporation or society are taken to have an aggregate
minimum value of $800.
(2) The unencumbered value of each share is taken to
be not less than the proportion of $800 that the share bears to the total
issued share capital of the corporation or society.
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