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Section 23: Interest to run on each call. Application of dividend in satisfaction of unpaid calls.

The Bengal Bonded Warehouse Association Act, 1838Central Act · Act 5 of 1838

* * * If any proprietor shall not pay any instalment which he is lawfully called upon to pay, in the manner described in the last section, on the day appointed for such payment, the said Association shall have a claim against such proprietor for interest on the deficient sum, after the rate of 10 per cent. per annum; and

Application of dividend in satisfaction of unpaid calls.---* * * it shall be lawful for the Directors of the said Association to apply, in satisfaction of such instalment and of such interest, any dividend due to such proprietor, placing every dividend so applied to the credit of such proprietor with the said Association

Where this provision sits

ActThe Bengal Bonded Warehouse Association Act, 1838
Section23
Marginal noteInterest to run on each call. Application of dividend in satisfaction of unpaid calls.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • omitted. . The words "And it is hereby enacted, that" omitted by s. 2 and Sch. I, ibid.
  • omitted, Act 12 of 1891. . The word "that" omitted by Act 12 of 1891, s. 2 and Sch. I.

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