Paragraph 5 Pre-commonhold period
England and Wales
During the period beginning with incorporation of a commonhold association and ending when F1land specified in its articles becomes commonhold land, the subscribers (or subscriber) to F2the association's memorandum of association shall be the sole members (or member) of the association.
Annotations
Textual amendments
- F1
Words in Sch. 3 para. 5 substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), Sch. 1 para. 195(7)(a)
- F2
Words in Sch. 3 para. 5 substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), Sch. 1 para. 195(7)(b)