{
  "url": "https://openlegislation.uk/charitable-incorporated-organisations-conversion-regulations-2017/regulation-10",
  "json_url": "https://openlegislation.uk/charitable-incorporated-organisations-conversion-regulations-2017/regulation-10.json",
  "legislation": "uksi/2017/1232",
  "legislation_title": "The Charitable Incorporated Organisations (Conversion) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/charitable-incorporated-organisations-conversion-regulations-2017",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Effect of registration becoming final",
  "text": "(1) Upon the cancellation by the registrar of the registration of the CIC under regulation 8(3)(b), the CIC is converted into a CIO, a body corporate—\n(a) whose constitution is that proposed in the application for CIC conversion;\n(b) whose name is that specified in the constitution; and\n(c) whose first members are the members of the converting CIC immediately before the moment of conversion.\n(2) If the converting CIC had a share capital—\n(a) upon the conversion of the CIC, all its shares are cancelled; and\n(b) no former holder of any cancelled share has any right in respect of it after its cancellation.\n(3) Paragraph (2) does not affect any right which accrued in respect of a share before its cancellation.\n(4) The conversion of a CIC into a CIO does not affect any liability to which the CIC was subject before it converted into a CIO.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/1232/regulation/10",
    "retrieved_at": "2026-10-28T23:05:02.340652+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."
}