This section has no associated Explanatory Notes
5 In Article 16 (remedy for debts from members) after paragraph (2) insert—N.I.
“(3) Where any debt arises in respect of shares held by, or a loan made to, an individual who is a corporate member, paragraphs (1) and (2) are to be read subject to Articles 23(2A) and (2B) (transfer of shares) and 28(1C) and (1D) (transfer of loans).”.