SCHEDULES
SCHEDULE 3Commonhold association
Part 1Articles of Association
Form and content
2
(1)
Regulations shall make provision about the form and content of F1the articles.
(2)
A commonhold association may adopt provisions of the regulations for its F2articles.
(3)
The regulations may include provision which is to have effect for a commonhold association whether or not it is adopted under sub-paragraph (2).
(4)
A provision of the F2articles shall have no effect to the extent that it is inconsistent with the regulations.
(5)
Regulations under this paragraph shall have effect in relation to F3articles—
(a)
irrespective of the date of the F4articles, but
(b)
subject to any transitional provision of the regulations.
F5(6)
Section 20 of the Companies Act 2006 (default application of model articles) does not apply to a commonhold association.