Contracts
This section has no associated Explanatory Memorandum
56. 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 express 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.