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