Part 2Leasehold reform
C1Chapter 1Right to manage
Qualifying rules
I174RTM companies: membership and regulations
1
The persons who are entitled to be members of a company which is a RTM company in relation to premises are—
a
qualifying tenants of flats contained in the premises, and
b
from the date on which it acquires the right to manage (referred to in this Chapter as the “acquisition date”), landlords under leases of the whole or any part of the premises.
2
The appropriate national authority shall make regulations about the content and form of the F1articles of association of RTM companies.
3
A RTM company may adopt provisions of the regulations for its F2articles.
4
The regulations may include provision which is to have effect for a RTM company whether or not it is adopted by the company.
5
A provision of the F2articles of a RTM company has no effect to the extent that it is inconsistent with the regulations.
6
The regulations have effect in relation to F3articles—
a
irrespective of the date of the F4articles, but
b
subject to any transitional provisions of the regulations.
F57
Section 20 of the Companies Act 2006 (default application of model articles) does not apply to a RTM company.
Pt. 2 Ch. 1: power to amend conferred (20.1.2007 for specified purposes, otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1181(1)(b), 1300(2); S.I. 2006/3428, art. 3(3) (with arts. 5, 6, 8, Schs. 1, 5); S.I. 2008/2860, art. 3(v) (with arts. 5, 7, 8, Sch. 2)