# Commonhold and Leasehold Reform Act 2002, Section 34: Constitution

Extent: E+W

(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.

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Source: https://www.legislation.gov.uk/ukpga/2002/15/section/34 (the official version)
Page: https://openlegislation.uk/commonhold-and-leasehold-reform-act-2002/section-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.