Contracts between the protected cell company and shareholdersU.K.
This
adran has no associated
Memorandwm Esboniadol
132. A contract between a protected cell company and a person must be in writing or recorded in the minutes of the protected cell company where—
(a)that person holds all the shares issued on behalf of the core of the protected cell company; and
(b)the contract does not relate to the current business of the protected cell company or was concluded under unusual conditions.