Book1 Division07 Title22 Chapter04 Part03 05

DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

• Its detailed information and images of the original sources are available on the Centennial Website.
• The detailed information about the genealogical relations between the Draft 1919, Codes of 1923, Codes of 1925, and Code of 1992 is available at the "French Advisers' Heritage".

BOOK ON OBLIGATIONS.

DIVISION VII. SPECIFIC CONTRACTS.

TITLE XXII. Partnerships and Companies.

Section 1335.

• The distribution of dividends or interest must be made in proportion to the amount paid upon each share, unless otherwise decided with regard to preference shares.

《Genealogies》

1. Draft of April 1924: -
2. Code of January 1925: 1200

Section 1336.

• No dividend or interest may be paid to the shareholders except in execution of a resolution passed by a general meeting and out of the profits arising from the business of the company.

《Genealogies》

1. Draft of April 1924: -
2. Code of January 1925: 1201

Section 1337.

• If the company has incurred losses, no dividend or interest may be paid unless such losses have been made good.

《Genealogies》

1. Draft of April 1924: -
2. Code of January 1925: 1202

Section 1338.

• If dividends or interest have been paid contrary to the provisions of the last two preceding sections the creditors of the company are entitled to have the amount so distributed returned to the company. provided that a shareholder cannot be obliged to return dividends or interest which he has received in good faith.

《Genealogies》

1. Draft of April 1924: -
2. Code of January 1925: 1203

Section 1339.

• Notice of any dividend that may have been declared shall be either published twice in a local paper or given by letter to each shareholder whose name appears on the register of shareholders.

《Genealogies》

1. Draft of April 1924: -
2. Code of January 1925: 1204

Section 1340.

• No dividend can bear interest against the company.

《Genealogies》

1. Draft of April 1924: -
2. Code of January 1925: 1205