Effect of memorandum and articles.
10. (1) Subject to the provisions
of this Act, the memorandum and articles shall, when registered, bind the
company and the members thereof to the same extent as if they respectively had
been signed by the company and by each member, and contained covenants on its
and his part to observe all the provisions of the memorandum and of the
articles.
(2) All monies payable by any member to the company
under the memorandum or articles shall be a debt due from him to the company
No comments:
Post a Comment