Section 185: Failure to ratify
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
185. Failure to ratify
(1) A party to a pre-incorporation contract that has not been ratified by
the company after its incorporation may apply to the Court for an order—
(a) directing the company to return property, whether real or personal, acquired under the contract to that party; or
(b) for any other relief in favour of that party relating to that property; or
(c) validating the contract whether in whole or in part.
(2) The Court may, if it considers it just and equitable to do so, make any
order or grant any relief it thinks fit and may do so whether or not an order
has been made under section 184 (2).
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Questions this section answers
- What can I do if the new company never ratifies a pre-incorporation contract I made for it?