|
|
Auditor not necessarily a shareholder.
8 & 9 Vict. c. 16.
|
11. Whenever, after the passing of this Act, section one hundred and two of the Companies Clauses Consolidation Act, 1845, is incorporated in a certificate or special Act relating to a railway company, it shall be construed as if the words, “where no qualification shall be prescribed by the special Act, every auditor shall have at least one share in the undertaking,” were omitted therefrom; and so much of every certificate and special Act relating to a railway company, and in force at the passing of this Act, as incorporates that portion of the said section, and so much of any special Act relating to a railway company, and so in force, as contains a like provision, is hereby repealed.
|
