Clause 12 - Prudential borrowing code
Health and Social Care (Community Health and Standards) Bill
4:45 pm
Mr Chris Grayling (Epsom and Ewell, Conservative)
The practical reality is that, in the case of the vast majority of non-profit-making organisations that do not have limited liability for their members—as would be the case in companies limited by guarantee—it is the members who ultimately carry the liability. Can the Minister provide further information about the legal position on which his statements are based? Ultimately, if any organisation runs up substantial debts that it cannot pay, somebody is liable.