The reference to
is a reference to the former Corporations Law.]
FINANCIAL INSTITUTIONS THAT BECAME COMPANIES
CALLS ON PARTLY-PAID SHARES
The liability of a shareholder for calls in respect of money unpaid on shares issued before the transfer date by a transferring financial institution of a State or Territory (whether on account of the par value of the shares or by way of premium) is not affected by the share ceasing to have a par value.