Company Law Review Act 1998 (61 of 1998)
Schedule 2 Consequential amendment of the Corporations Law
Part 1 Registering a company (new Chapter 2A) Basic features of a company (new Chapter 2B) Members' rights and remedies (new Chapter 2F)
134 Section 523
Omit all the words from and including “If the company” to and including “change of status is liable”, substitute “If an unlimited company changes to a limited company under section 164, a past member who was a member at the time of the change is liable”.
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