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6Section 13 of the [1985 c. 6.] Companies Act 1985 (effect of registration) shall not apply.
7(1)This paragraph applies in place of section 22(1) of the Companies Act 1985 (members).
(2)The persons to whom shares are allotted by virtue of section 6 of this Act are deemed to have agreed to become members of the Corporation, and shall be entered as such in its register of members on registration.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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