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tresset_1 [31]
3 years ago
10

Why companies limited by guarantee must have constitution?​

Law
1 answer:
son4ous [18]3 years ago
8 0

Answer:

A company limited by guarantee does not have any shares or shareholders (like the more common limited by shares structure) but is owned by guarantors who agree to pay a set amount of money towards company debts.

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Answer:

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https://constitutioncenter.org/the-constitution/amendments/amendment-x#:~:text=The%20powers%20not%20delegated%20to,respectively%2C%20or%20to%20the%20people.

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