PART III U.K. CORPORATE CODE

Operation U.K.

Contracts: England and Wales [F1 or Northern Ireland] U.K.

56.  Under the law of England and Wales [F2 or Northern Ireland] a contract may be made—

(a) by an open-ended investment company by writing under its common seal; or

(b) on behalf of such a company, by any person acting under its authority (whether expressed or implied);

and any formalities required by law in the case of a contract made by an individual also apply, unless a contrary intention appears, to a contract made by or on behalf of such a company.

Textual Amendments

F1 Words in reg. 56 heading inserted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 1(2), Sch. 2 para. 17 (with Sch. 3)

F2 Words in reg. 56 inserted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 1(2), Sch. 2 para. 17 (with Sch. 3)