THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 2A - REGISTERING A COMPANY

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History

Ch 2A inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

PART 2A.1 - WHAT COMPANIES CAN BE REGISTERED

SECTION 115   RESTRICTIONS ON SIZE OF PARTNERSHIPS AND ASSOCIATIONS  

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115    A person must not participate in the formation of a partnership or association which has as an object gain for itself or for any of its members and which either:

(a)  has more than 20 members; or

(b)  has more than the number of members it is allowed to have under an application order made by the Minister under Part 1.3;

unless the partnership or association is incorporated or formed under an Australian law.

Note:

For the effect of a contravention of this section, see section 103.

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History

S 115 substituted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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