Commonwealth Consolidated Acts

COMMONWEALTH FUNDS MANAGEMENT LIMITED ACT 1990 - SECT 14

             (1)  A person who immediately before the commencement of this Part was, or was acting as, a member of the Company, ceases at that commencement to be, or to act as, such a member.

             (2)  Each person who holds shares in the Company at the commencement of this Part becomes, by force of this subsection, a member of the Company at that commencement.

             (3)  A person referred to in subsection (2) is, as a member of the Company, entitled to the same rights, privileges and benefits, and subject to the same duties, liabilities and obligations, as if the person had become a member of the Company under its memorandum and articles.