The persons who are entitled to be members of a company which is a RTM company in relation to premises are—
qualifying tenants of flats contained in the premises, and
from the date on which it acquires the right to manage (referred to in this Chapter as the "acquisition date"), landlords under leases of the whole or any part of the premises.
The appropriate national authority shall make regulations about the content and form of the articles of association of RTM companies.
A RTM company may adopt provisions of the regulations for its articles.
The regulations may include provision which is to have effect for a RTM company whether or not it is adopted by the company.
A provision of the articles of a RTM company has no effect to the extent that it is inconsistent with the regulations.
The regulations have effect in relation to articles—
irrespective of the date of the articles, but
subject to any transitional provisions of the regulations.
Section 20 of the Companies Act 2006 (default application of model articles) does not apply to a RTM company.