DIRECTORS WITH UNLIMITED LIABILITY
In a limited company, the liability of all or any of the directors may, if so provided by the Memorandum be unlimited. Likewise, the liability of the manager may also be unlimited. In such a company, the directors and the manager of the company and the person who proposes a person for appointment to any of these offices shall add to the proposal that liability of such person will be unlimited. Before such a person accepts the office, notice in writing that his liability will be unlimited shall be given to him.
If the Memorandum does not contain any provision making the liability of all or any of its directors and manager unlimited, the company may, if so authorized by its Articles and by a special resolution, ...
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