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Company Law Reform Bill [HL]

moved Amendment No. 23:"Page 11, line 2, at end insert—" ““(   )   If there is a conflict between a provision, which immediately before the commencement of this Part was contained in a company’s memorandum of association, and a provision contained in the company’s articles of association, the former shall prevail.”” The noble Lord said: This is another amendment that the Law Society is keen on promulgating. It seeks to provide a resolution for any clash that occurs when existing provisions in a company’s memorandum are transferred to its articles. At present, where there is a conflict between the provisions of a company’s memorandum of association and the articles of association, the memorandum prevails. [The Sitting was suspended for a Division in the House from 4.52 to 5 pm.]