Schedule 1 - Constitution of public benefit corporations
Health and Social Care (Community Health and Standards) Bill
3:15 pm
Mr Gary Streeter (South West Devon, Conservative)
If the Under-Secretary is creating a new form of legal creature, it is no wonder that there is some confusion. Surely the correct legal interpretation is that if this public benefit corporation should fail, members could be called on to pay their £1, which is an expression of the maximum extent of their liability. That is the whole point of having that provision.