Section 1119
Statutory text (Thai original)
หุ้นทุก ๆ หุ้นจำต้องให้ใช้เป็นเงินจนเต็มค่า เว้นแต่หุ้นซึ่งออกตามบทบัญญัติ
Verbatim from the Royal Gazette / Office of the Council of State
English translation
The whole amount of every share must be paid in money, except shares allotted under Section 1108 sub-section 5, or under Section 1221. A shareholder cannot avail himself of a set-off against the company as to payments on shares.
This English translation is provided for reference only and has not yet been firm-verified — always rely on the Thai original.
Firm annotation
Section 1119 is part of Book 3 (Specific Contracts) of the Thai Civil and Commercial Code. This entry is awaiting firm-authored commentary; the statutory text above is verbatim from the Office of the Council of State (OCS Krisdika) Thai source, with the English translation from the FAO/UN FAOLEX repository. Always rely on the Thai original for legal proceedings.