Conversion of company class via memorandum and articles alteration preserves continuity of preconversion liabilities and contractual enforcement. A company may convert to another class by altering its memorandum and articles and, after the Registrar is satisfied that registration requirements of this Chapter are met, the Registrar will close the former registration, register the conversion documents and issue a certificate of incorporation; such conversion does not affect debts, liabilities, obligations or contracts incurred before conversion, which remain enforceable as if the conversion had not occurred.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Conversion of company class via memorandum and articles alteration preserves continuity of preconversion liabilities and contractual enforcement.
A company may convert to another class by altering its memorandum and articles and, after the Registrar is satisfied that registration requirements of this Chapter are met, the Registrar will close the former registration, register the conversion documents and issue a certificate of incorporation; such conversion does not affect debts, liabilities, obligations or contracts incurred before conversion, which remain enforceable as if the conversion had not occurred.
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