Article 92U - Articles binding on LLC(G) and Members
(1) Subject to the provisions of these
Regulations, the articles of association when registered with the CRO bind an LLC(G) and its Members to the same extent as if they had been executed by the LLC(G) and by each Member, and contained covenants on the part of the LLC(G) and each Member to observe all the provisions of the articles of association.
Member of an LLC(G) is not bound by an alteration made in the articles of association after the date on which he became a Member, if and so far as the alteration would in any way increase his liability as at that date under his undertaking to the LLC(G) or otherwise require him to pay money to the LLC(G), save where the Member agrees in writing, either before or after the alteration is made, to be bound by the alteration.
(3) An LLC(G) shall, upon request by a
Member, send such Member a copy of its articles of association including all alterations thereto, subject to the Member paying the reasonable cost thereof.
|Inserted (as from 5th April 2015).|