• Chapter 1 Chapter 1 The Members Of A Company

    • 117. The Members Of A Company

      (1) The initial members of a company are deemed to have agreed to become members of the company, and on its registration become members and must be entered as such in its register of members.
      (2) Every other person who agrees to become a member of a company, and whose name is entered in its register of members, is a member of the company.