Share capital, subscription for shares

(1) Subject to this section, the authorised share capital of the Corporation shall be three million dollars divided into ordinary shares of the par value of ten dollars each. 8 (2) The Minister may from time to time by Order published in the Gazette vary the share capital of the Corporation. (3) The Government of Belize may subscribe for the three hundred thousand shares mentioned in subsection (1) of this section, or such other number as the Minister may from time to time determine. (4) Any person may subscribe for and hold shares in the Corporation subject to rules as may be made by the Board with the approval of the Minister in that behalf. (5) The liability of any shareholder shall be limited to the amount unpaid on his shares.