Section 34 Constitution

England and Wales

F1(1)

A commonhold association is a private company limited by guarantee—

(a)

the articles of which state that an object of the company is to exercise the functions of a commonhold association in relation to specified commonhold land, and

(b)

the statement of guarantee of which specifies £1 as the amount of the contribution required from each member in the event of the company being wound up.

(2)

Schedule 3 (which makes provision about the constitution of a commonhold association) shall have effect.

Annotations

Textual amendments

F1: S. 34(1) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), Sch. 1 para. 194(7) (with art. 10)

Notes on Part 1

Modifications

C1: Pt. 1: transfer of functions (11.4.2018) by The Secretaries of State for Health and Social Care and for Housing, Communities and Local Government and Transfer of Functions (Commonhold Land) Order 2018 (S.I. 2018/378), arts. 1(2), 11 (with arts. 12-14)