# The Companies (Northern Ireland) Order 1986 (revoked), Article 26: Memorandum and articles of company limited by guarantee

Extent: N.I.

(1) In the case of a company limited by guarantee and not having a share capital, every provision in the memorandum or articles, or in any resolution of the company purporting to give any person a right to participate in the divisible profits of the company otherwise than as a member, is void.
(2) For the purposes of provisions of this Order relating to the memorandum of a company limited by guarantee, and for those of Article 12(4) and this Article, every provision in the memorandum or articles, or in any resolution, of a company so limited purporting to divide the company's undertaking into shares or interests is to be treated as a provision for a share capital, notwithstanding that the nominal amount or number of the shares or interests is not specified by the provision.

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Source: https://www.legislation.gov.uk/nisi/1986/1032/article/26 (the official version)
Page: https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/article-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.