Section 1123
Statutory text (Thai original)
ถ้าผู้ถือหุ้นคนใดละเลยไม่ส่งใช้เงินที่เรียกค่าหุ้นตามวันกำหนด กรรมการจะส่งคำบอกกล่าวด้วยจดหมายส่งลงทะเบียนไปรษณีย์ไปยังผู้นั้น ให้ส่งใช้เงินที่เรียกกับทั้งดอกเบี้ยด้วยก็ได้ในคำบอกกล่าวอันนี้ ให้กำหนดเวลาไปพอสมควรเพื่อให้ใช้เงินที่เรียกกับทั้งดอกเบี้ย และต้องบอกไปด้วยว่าให้ส่งใช้ ณ สถานที่ใด อนึ่ง ในคำบอกกล่าวนั้นจะแจ้งไปด้วยก็ได้ว่า ถ้าไม่ใช้เงินตามเรียก หุ้นนั้นอาจจะถูกริบ
Verbatim from the Royal Gazette / Office of the Council of State
English translation
If a shareholder fails to pay a call on the day fixed for payment thereof, the directors may give him notice by registered letter to pay such call with interest. The notice must fix a reasonable time within which such call and interest must be paid. It must also fix the place where payment must be made. The notice may also state that in the case of non-payment the share in respect of which such call was made may be forfeited.
This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.
Firm annotation
Section 1123 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.
Cited in 6 Supreme Court decisions (1965 to 2023)
Selected citing decisions
- Decision 3874/2560 (2017)
- Decision 5276/2538 (1995)
- Decision 5032/2538 (1995)
- Decision 773/2549 (2006)
- Decision 1300/2566 (2023)
- Decision 23/2508 (1965)
This list is selected automatically, weighted towards judgments that turn on this section rather than ones that merely recite it when passing sentence. It has not yet been reviewed by the firm.
Most often cited alongside
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Related guides on ThaiLawOnline
Cite this section
-
Plain citation
Civil and Commercial Code, s. 1123 (Thailand) -
Academic citation
Civil and Commercial Code (Thailand), s. 1123. ThaiLawOnline, https://www.thailawonline.com/thai-civil-code/section-1123/ (accessed 8 August 2026). -
Thai citation
ป.พ.พ. มาตรา 1123 -
Permalink
https://www.thailawonline.com/thai-civil-code/section-1123/ -
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<blockquote cite="https://www.thailawonline.com/thai-civil-code/section-1123/"><p>If a shareholder fails to pay a call on the day fixed for payment thereof, the directors may give him notice by registered letter to pay such call with interest. The notice must fix a reasonable time within which such call and interest must be…</p><footer>Civil and Commercial Code, s. 1123 (Thailand) — <a href="https://www.thailawonline.com/thai-civil-code/section-1123/">ThaiLawOnline</a></footer></blockquote>
The Thai text is authoritative. The English is an unofficial translation by ThaiLawOnline, free to reuse with attribution.