← Commonhold and Leasehold Reform Act 2002

Commonhold and Leasehold Reform Act 2002 s 34

s 34 Constitution

(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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