{
  "url": "https://openlegislation.uk/bradford-bingley-plc-transfer-of-securities-and-property-etc-order-2008/article-8",
  "json_url": "https://openlegislation.uk/bradford-bingley-plc-transfer-of-securities-and-property-etc-order-2008/article-8.json",
  "legislation": "uksi/2008/2546",
  "legislation_title": "The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008",
  "legislation_url": "https://openlegislation.uk/bradford-bingley-plc-transfer-of-securities-and-property-etc-order-2008",
  "path": "article/8",
  "kind": "article",
  "number": "8",
  "heading": "Minimum membership for carrying on business",
  "text": "(1) While Bradford & Bingley is wholly owned by the Treasury, section 24 of the 1985 Act (minimum membership for carrying on business) shall not apply in relation to Bradford & Bingley or any member of Bradford & Bingley.\n(2) While Bradford & Bingley is wholly owned by the Treasury, no petition shall be presented for the winding up of Bradford & Bingley on the ground that the number of its members is less than the number required by law, nor shall any person be liable on that ground as a member of the company for the payment of any of its debts.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/2546/article/8",
    "retrieved_at": "2026-10-29T03:24:14.861293+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}