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CHARTERED COMPANIES ACT 1837 - SECT 4

Individual liability of members of a company may be restricted by letters patent.

4. It shall and may be lawful, in and by such letters patent so to be granted
to any such body or company as aforesaid to declare and provide that the
members of such company or body so associated as aforesaid shall be
individually liable in their persons and property for the debts, contracts,
engagements, and liabilities of such company or body to such extent only per
share as shall be declared and limited in and by such letters patent; and the
members of such company or body shall accordingly be individually liable for
such debts, contracts, engagements, and liabilities respectively, to such
extent only per share as in such letters patent shall be declared and limited;
such liability nevertheless to be enforced in such manner and subject to such
provisions as are herein-after contained.

© 1837 Crown Copyright

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