Company Limited by Guarantee Law and Legal Definition
Company Limited by Guarantee is where the liabilities of the members will be restricted to the amount each agrees to contribute to the assets of the company in the event of dissolution or liquidation. Such companies are without share capital and is commonly used where companies are formed for non-commercial purposes, such as clubs or charities
Legal Definition list
Related Legal Terms
- Abiding by Plea
- Acceptance by Silence
- Accompanying Relative [Immigration]
- Accompanying Spouse and Dependents
- Accompanying the Armed Forces outside the United States
- Accompanying the Federal Government Outside the United States
- Accompanying Visa
- Account Guarantee Acknowledgment
- Ademption by Extinction
- Ademption by Satisfaction
