No liability company definition

No liability company means a company formed with no liability on the part of its members.
No liability company means an international company formed on the principle of having no liability placed on its members and which is stated to be a no liability company in its memorandum;
No liability company means a company that is registered as, or converts to, a no liability company under this Act.

More Definitions of No liability company

No liability company. ' means a company that does not have under its memorandum and articles a contractual right to recover calls made upon its shares from a shareholder who defaults in payment of those calls;