Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The memorandum and
articles shall, when registered, bind the company and the members thereof to
the same extent as if they respectively had been signed and sealed by each
member and contained covenants on the part of each member, his heirs,
executors, and administrators, to observe all the provisions of the memorandum
and of the articles subject to the provisions of this Act.
(2) All money payable
by any member to the company under the memorandum or articles shall be a
specialty debt due from him to the company.