Charities Act 2011

205NatureE+W

(1)A CIO is a body corporate.

(2)A CIO must have—

(a)a constitution;

(b)a principal office, which must be in England or in Wales;

(c)one or more members.

(3)The members may be—

(a)not liable to contribute to the assets of the CIO if it is wound up, or

(b)liable to do so up to a maximum amount each.