(1) A public company limited by shares may be re-registered as an unlimited private company with a share capital if -
(a) all the members of the company have assented to its being so re-registered,
(b) the condition specified below is met, and
(c) an application for re-registration is delivered to the registrar in accordance with section 110, together with -
(i) the other documents required by that section, and
(ii) a statement of compliance.
(2) The condition is that the company has not previously been re-registered -
(a) as limited, or
(b) as unlimited.
(3) The company must make such changes -
(a) in its name, and
(b) in its articles,
as are necessary in connection with its becoming an unlimited private company.
(4) For the purposes of this section -
(a) a trustee in bankruptcy of a member of the company is entitled, to the exclusion of the member, to assent to the company's re-registration; and
(b) the personal representative of a deceased member of the company may assent on behalf
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