Section 35: Effect of Alteration in Memorandum or Articles If changes are made to the memorandum or articles of association that require members to: 1. Take on more shares than they already have 2. Increase their guarantee amount These changes only apply to a member if they provide written consent, either: 1. Before the alteration 2. After the alteration

Section 35 Flashcards by Ishaq Jarwar

Section 35

Section 35: Effect of Alteration in Memorandum or Articles

If changes are made to the memorandum or articles of association that require members to:

Take on more shares than they already have
Increase their guarantee amount

These changes only apply to a member if they provide written consent, either:

Before the alteration
After the alteration

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Section 35 Flashcards

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