(1) This Part makes provision for, and there is permitted to be formed and registered under this Part, the following 3 types of unlimited company:
(a) a private unlimited company - referred to in this Part as a "ULC";
(b) a public unlimited company - referred to in this Part as a "PUC"; and
(c) a public unlimited company that has no share capital - referred to in this Part as a "PULC".
(2) Irrespective of the type of unlimited company that the particular company constitutes, the name of any such company shall, as provided under section 1237 and subject to that section and section 1247, end with the words "unlimited company" or "cuideachta neamhtheoranta".