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COMPANIES CLAUSES ACT 1863 - SECT 27

Arrears may be recovered by action or suit.

27. If the interest on debenture stock is in arrear for thirty days next after
any of the respective days whereon the same is payable, the holder for the
time being thereof may (without prejudice to his power to apply for the
appointment of a receiver...) recover the arrears with costs by action or suit
against the company in any court of competent jurisdiction.

© 1863 Crown Copyright

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