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Which of the following correctly describes an unlimited company?

Section 2(92) describes an unlimited company as one where member liability has no limit at all, rather than being restricted to unpaid share amounts, arising only on winding…

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Which of the following correctly describes an unlimited company?

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Correct answer B

Section 2(92) describes an unlimited company as one where member liability has no limit at all, rather than being restricted to unpaid share amounts, arising only on winding up, or fixed by the Registrar.

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