Part 3 — Incorporation and Organization Division 1 Memorandum of Association
17 Company limited by guarantee
memorandum shall state
(a) the name of the company, w ith "Limited" or "Ltd." as the
last word in its name,
(b) the objects of the company,
(c) that the liability of the members is limited, and
(d) that each member undertakes to contribute to the assets of
the company in the event of its being wound up while he or
RSA 2000
she is a member, or within one year afterwards, for payment
of the debts and liabilities of the company contracted before
he or she ceases to be a member, and of the costs, charges
and expenses of winding-up, and for adjustment of the
rights of the contributories among themselves, such amount
as may be required, not exceeding a specified amount.
(2) When the company has a share capital the memorandum shall
also state the amount of share capital with which the company
proposes to be registered as hereinbefore provided in the case of a
company limited by shares.
(3) When the company has not a share capital, every provision in
the memorandum or articles or in any resolution of the company
that purports to give any person a right to participate in the
divisible profits of the company otherwise than as a member is
void.
(4) For the purpose of provisions of this Act relating to the
memorandum of the company, every provision in the memorandum
or articles or in any resolution of the company purporting to divide
the undertaking of the company into shares or interests shall be
treated as a provision for a share capital, notwithstanding that the
nominal amount or number of the shares or interests is not
specified thereby.
RSA 2000 cC-21 s17;2020 c25 s2(10)
Use of Limited or Ltd.
18 Notwithstanding section 16 or 17,
(a) a company with "Limited" as the last word in the name
thereof may use the abbreviation "Ltd.", and
(b) a company with "Ltd." as th e last word in the name thereof
may use the word "Limited",
and reference thereto may be made in the same manner.
RSA 1970 c60 s18
19 Repealed 2020 c25 s2(11).