材料全屏 Fred is a member of Glad Ltd, a small publishing company, holding 100 of its 500 shares; the other 400 shares are held by four other members. It has recently become apparent that Fred has set up a rival business to Glad Ltd and the other members have decided that he should be expelled from the company. To that end, they propose to alter the articles of association to include a new power to 'require any member to transfer their shares for fair value to the other members upon the passing of a resolution so to do'. 27 【论述题】 State which parties are bound by a company's articles of association
【参考答案及解析】
The Companies Act 2006 provides that a company's articles of association bind a company to its members, the members to the company and members to members. Members are deemed to have separately covenanted with each other and the company to observe the provisions of the articles.
The Companies Act 2006 provides that a company's articles of association bind a company to its members, the members to the company and members to members. Members are deemed to have separately covenanted with each other and the company to observe the provisions of the articles.