Western Australian Consolidated Acts

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COMPANIES (CO-OPERATIVE) ACT 1943 - SECT 70

70 .         Special resolution of company making liability of directors unlimited

        (1)         A company, if so authorised by its articles, may, by special resolution, alter its memorandum so as to render unlimited the liability of its directors or managers, or of any managing director.

        (2)         Upon the passing of any such special resolution the provisions thereof shall be as valid as if they had been originally contained in the memorandum.

        (3)         The resolution shall be deemed to be an alteration of the memorandum within the meaning of section 34.



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