Resources
Multi-Unit Developments Act 2011: OMC constitution – Companies Act 2014 version
The Conveyancing Committee published a practice note in the Gazette (May 2015, p46) indicating that the precedent form of memorandum and articles of association for an owners’ management company (OMC) under the Multi-Unit Developments Act 2011, which the committee had issued, would no longer be appropriate for use in incorporating new OMCs following the commencement of the Companies Act 2014 on 1 June 2015.
The committee has now drafted a precedent constitution for an OMC under the Companies Act 2014 that will comply with the Multi-Unit Developments Act 2011. Together with a revision of the March 2015 general practice note on the 2011 act, is available on the precedents page of the Law Society website.
The input of and assistance received from the Business Law Committee in reviewing this new precedent is acknowledged and appreciated by the committee.
