For the purposes of any provision in this Group of Parts, a person who is not a member of a company but to whom shares in the company have been transferred, or transmitted by operation of law, is to be regarded as a member of the company, and references to a member or members are to be read accordingly.
Section 250: "Member" of a company.
Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk
Part VII: Interpretation for First Group of Parts
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