Company limited by guarantee: member liability confined to predetermined contributions on winding up under the memorandum. Company limited by guarantee is a corporate form where members' liability is limited by the memorandum to the amounts they undertake to contribute to the company's assets in the event of winding up, making each member's exposure a contractual, predetermined contribution obligation.
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.
Company limited by guarantee: member liability confined to predetermined contributions on winding up under the memorandum.
Company limited by guarantee is a corporate form where members' liability is limited by the memorandum to the amounts they undertake to contribute to the company's assets in the event of winding up, making each member's exposure a contractual, predetermined contribution obligation.
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