# Charities Act 2011, Section 205: Nature


(1) A CIO is a body corporate.
(2) A CIO must have—
(a) a constitution;
(b) a principal office, which must be in England or in Wales;
(c) one or more members.
(3) The members may be—
(a) not liable to contribute to the assets of the CIO if it is wound up, or
(b) liable to do so up to a maximum amount each.

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Source: https://www.legislation.gov.uk/ukpga/2011/25/section/205 (the official version)
Page: https://openlegislation.uk/charities-act-2011/section-205
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.