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Legislation
Companies Act 2006

Crossheading Supplementary provisions

  • Section 588 Liability of subsequent holders of shares
  • Section 589 Power of court to grant relief
  • Section 590 Penalty for contravention of this Chapter
  • Section 591 Enforceability of undertakings to do work etc
  • Section 592 The appropriate rate of interest
  1. Supplementary provisions
  2. Enforceability of undertakings to do work etc

Section 591 | Enforceability of undertakings to do work etc

From legislation.gov.uk

(1)An undertaking given by any person, in or in connection with payment for shares in a company, to do work or perform services or to do any other thing, if it is enforceable by the company apart from this Chapter, is so enforceable notwithstanding that there has been a contravention in relation to it of a provision of this Chapter or Chapter 6.

(2)This is without prejudice to section 589 (power of court to grant relief etc in respect of liabilities).

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