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Liability in a company limited by guarantee arises:

Under s.2(21), the guarantee liability of members crystallises only in the event of winding up, not at incorporation, during an annual general meeting, or on transfer of…

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Liability in a company limited by guarantee arises:

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Correct answer D

Under s.2(21), the guarantee liability of members crystallises only in the event of winding up, not at incorporation, during an annual general meeting, or on transfer of shares.

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