SCHEDULES

SCHEDULE 3Commonhold association

Part 1Memorandum and articles of association

Form and content

2(1)Regulations shall make provision about the form and content of the memorandum and articles.

(2)A commonhold association may adopt provisions of the regulations for its memorandum or articles.

(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 memorandum or articles 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 a memorandum or articles—

(a)irrespective of the date of the memorandum or articles, but

(b)subject to any transitional provision of the regulations.