Section 27: Pre-registration actions
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
27. Pre-registration actions
(1) Where—
(a) before the registration of a Foundation, any action has been carried out in the name of that Foundation, and purportedly by or
on behalf of that Foundation; and
(b) the Foundation is not precluded from doing so by its charter or
Articles, if any,
the Foundation may, following its registration, ratify such action by a resolution of the Council.
(2) Any action ratified under subsection (1) shall be considered to be an
action properly executed by the Foundation, and the Foundation shall be—
(a) entitled to benefit from that action;
(b) liable in respect of such action; and
(c) liable for any failure to take such steps as may be necessary to
give effect to that ratification.
PART V – REGISTER