Part 4 — Alteration of Constitution Division 1 Memorandum of Association
44 Prohibition on purchase
share issued by it if the directors have reasonable grounds for
believing that
(a) the company is, or would be after the payment, unable to
pay its liabilities as they become due, or
(b) the realizable value of the company's assets would after the
payment be less than the aggregate of its liabilities and the
RSA 2000
paid-up capital of the remaining shares of every class or
kind.
(2) Repealed 2020 c25 s2(26).
RSA 2000 cC-21 s44;2020 c25 s2(26)