Version Superseded: 01/12/2003
Point in time view as at 22/11/2000. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1985, Section 24.
If a company [F1other than a private company limited by shares or by guarantee,] carries on business without having at least two members and does so for more than 6 months, a person who, for the whole or any part of the period that it so carries on business after those 6 months—
(a)is a member of the company, and
(b)knows that it is carrying on business with only one member,
is liable (jointly and severally with the company) for the payment of the company’s debts contracted during the period or, as the case may be, that part of it.
Textual Amendments
F1Words in s. 24 inserted (15.7.1992) by S.I. 1992/1699, reg. 2, Sch. para.2.
Modifications etc. (not altering text)
C1S. 24 modified (12.2.1992) by S.I. 1992/225, reg. 61(7).
S. 24 amended (15.7.1992) by S.I. 1992/1699, reg.3.
S. 24 applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 4, Sch. 2 Pt. I
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