Memorandum and articles bind members and the company, creating enforceable covenants and making member payments debts. Registered memorandum and articles bind the company and its members as if executed by each party, creating enforceable covenants to observe their ... Summary
Memorandum and articles bind members and the company, creating enforceable covenants and making member payments debts.
Registered memorandum and articles bind the company and its members as if executed by each party, creating enforceable covenants to observe their provisions; monies payable by a member under those documents are debts due to the company.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.