601BM
In forceEffect of registration under this Part
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 5BBodies corporate registered as companies, and registrable bodies
Part 5B.1Registering a body corporate as a company
Division 2Operation of this Act
601BM Effect of registration under this Part
(1)
Registration under this Part does not:
(a)
create a new legal entity; or
(b)
affect the body’s existing property, rights or obligations (except as against the members of the body in their capacity as members); or
(c)
render defective any legal proceedings by or against the body or its members.
(2)
This Part sets out special provisions for companies registered under this Part.
This Act’s bill:Explanatory memorandumSecond reading speech
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