Forum Archive Index - March 2002

["Ken Donelan" <kdonelan@ihug.co.nz>]

No liability companies are Companies which do not have a contractual right
to recover calls from a shareholder who does not pay one. Instead, the
shares are forfeited automatically and offered for sale. No liability
companies are especially suitable for encouraging investment is risky mining
enterprise. They are found in Australia.




----- Original Message -----
From: "Marilyn Munroe" <who.c@res.co.nz>
To: "Sharechat" <sharechat@sharechat.co.nz>
Sent: Friday, March 29, 2002 10:53 PM
Subject: [sharechat] What does N L mean? [Suplementary Question]


> Thank you Ken for your explanation.
>
> Does this mean that I can incorporate as Marilyn Munroe N L and obtain
> diamonds from a jeweler on credit. Then refuse to pay for them as the
> transaction was undertaken by a company incorporated as a No Liability
> company.
>
> Seems a bit odd to me.
>
> Boop-doop-de-do Marilyn
>
>
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