When a company changes its legal status to a registered society pursuant to the Co-Operative and Community Benefit Societies Act 2014, the newly created society is subject to the same liabilities and rights as the original company.
A company is recognised at law as a legal entity (a person) in its own right. The High Court has held the when a change occurs from company to society as referred to above, all that changes is the legal regime under which an existing legal person is governed. For more information, please see the below link: http://www.bailii.org/ew/cases/EWHC/Ch/2021/1486.html
The contents of this article do not constitute legal advice and are provided for general information purposes only.
The contents of this post do not constitute legal advice and are provided for general information purposes only ■
