PART 4 Protected Cell Companies

CHAPTER 9 Shares and shareholders

SECTION 1 Shares

99 Contravention of regulation 91(4) or 93(3)
1 A provision, whether contained in the instrument of incorporation, a contract or otherwise, is void to the extent that it is inconsistent with regulation 91(4) or 93(3).
2 An application of assets, or agreement to apply assets, in contravention of regulation 93(3) is void.