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1047. Cell companies

(1) A company is an incorporated cell company if its articles provide that it is an incorporated cell company.
(2) A company is a protected cell company if its articles provide that it is a protected cell company.
(3) A cell company may be—
(a) a public or private company, and
(b) a limited company (whether limited by shares or by guarantee) or an unlimited company.
(4) A cell company cannot be a restricted scope company and a restricted scope company cannot be or become a cell company.