222 Payments made without approval: civil consequences
222 Payments made without approval: civil consequences
Companies Act 2006 | Legislation

(1)     If a payment is made in contravention of section 217 (payment by company)—

(a)     it is held by the recipient on trust for the company making the payment, and

(b)     any director who authorised the payment is jointly and severally liable to indemnify the company that made the payment for any loss resulting from it.

(2)     If a payment is made in contravention of section 218 (payment in connection with transfer of undertaking etc), it is held by the recipient on trust for the company whose undertaking or property is or is proposed to be transferred.

(3)     If a payment is made in contravention of section 219 (payment in connection with share transfer)—

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