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The liability in a company limited by guarantee arises in the event of:

A guarantee-company member's liability under their undertaking in the memorandum crystallises only on the winding up of the company, not on its incorporation, on a transfer…

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The liability in a company limited by guarantee arises in the event of:

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Correct answer D

A guarantee-company member's liability under their undertaking in the memorandum crystallises only on the winding up of the company, not on its incorporation, on a transfer of shares, or at a Board meeting.

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