[F136C Pre-incorporation contracts, deeds and obligations. E+W+S
(1)A contract which purports to be made by or on behalf of a company at a time when the company has not been formed has effect, subject to any agreement to the contrary, as one made with the person purporting to act for the company or as agent for it, and he is personally liable on the contract accordingly.
(2)Subsection (1) applies—
(a)to the making of a deed under the law of England and Wales, and
(b)to the undertaking of an obligation under the law of Scotland,
as it applies to the making of a contract.]
Textual Amendments
F1S. 36C inserted by Companies Act 1989 (c. 40, SIF 27), ss. 130(4), 213(2)
Modifications etc. (not altering text)
C1S. 36C: power to apply conferred by Companies Act 1989 (c. 40, SIF 27), ss. 130(6), 213(2)
C2S. 36C applied with modifications by S.I. 1985/680, arts. 4–6, Sch. (as amended by S.I. 1990/1394, reg. 2)
C3Ss. 36-36C applied (with modifications) (16.5.1994) by S.I. 1994/950, regs. 2-6
S. 36C applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 4, Sch. 2 Pt. I