Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1340
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1340
Character Range: 5746045–5746608

1340  No liability to pay calls on shares etc.
  Where unclaimed property is or includes shares in a body corporate, neither the Commonwealth nor ASIC is subject to any obligation:
 (a) to pay any calls; or
 (b) to make any contribution to the debts and liabilities of the body corporate; or
 (c) to discharge any other liability; or
 (d) to do any other act or thing;
in respect of the shares, whether the obligation arises before or after the shares become unclaimed property, but this section does not affect the right of a body corporate to forfeit a share.