Section 1227
Statutory text (Thai original)
ถ้ามีเจ้าหนี้คนหนึ่งคนใดละเลยเสียมิได้คัดค้านในการที่บริษัทจะลดทุนลง เพราะเหตุว่าตนไม่ทราบความ และเหตุที่ไม่ทราบนั้นมิได้เป็นเพราะความผิดของเจ้าหนี้คนนั้นแต่อย่างใดไซร้ ท่านว่าผู้ถือหุ้นทั้งหลายบรรดาที่ได้รับเงินคืนไปตามส่วนที่ลดหุ้นลงนั้น ยังคงจะต้องรับผิดต่อเจ้าหนี้เช่นนั้นเพียงจำนวนที่ได้รับทุนคืนไปชั่วเวลาสองปีนับแต่วันที่ได้จดทะเบียนการลดทุนนั้น
Verbatim from the Royal Gazette / Office of the Council of State
English translation
If a creditor has, in consequence of his ignorance of the proposed reduction of capital, failed to give notice of his objection thereto, and such ignorance was in no way due to his fault, those shareholders of the company to whom has been refunded or remitted a portion of their shares remain, for a period of two years from the date of registration of such reduction, personably liable to such creditor to the extent of the amount refunded or remitted.
This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.
Firm annotation
Section 1227 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.
Related guides on ThaiLawOnline
Cite this section
-
Plain citation
Civil and Commercial Code, s. 1227 (Thailand) -
Academic citation
Civil and Commercial Code (Thailand), s. 1227. ThaiLawOnline, https://www.thailawonline.com/thai-civil-code/section-1227/ (accessed 8 August 2026). -
Thai citation
ป.พ.พ. มาตรา 1227 -
Permalink
https://www.thailawonline.com/thai-civil-code/section-1227/ -
Embed on your site
<blockquote cite="https://www.thailawonline.com/thai-civil-code/section-1227/"><p>If a creditor has, in consequence of his ignorance of the proposed reduction of capital, failed to give notice of his objection thereto, and such ignorance was in no way due to his fault, those shareholders of the company to whom has been refunded or…</p><footer>Civil and Commercial Code, s. 1227 (Thailand) — <a href="https://www.thailawonline.com/thai-civil-code/section-1227/">ThaiLawOnline</a></footer></blockquote>
The Thai text is authoritative. The English is an unofficial translation by ThaiLawOnline, free to reuse with attribution.