102 Liability of members

(1) A member of a limited company has no liability, as a member, for the
liabilities of the company.


(2) The liability of a shareholder to the company, as shareholder, is limited
to —

(a) any amount unpaid on a share held by the shareholder;

(b) any liability expressly provided for in the memorandum or
articles of the company; and

(c) any liability to repay a distribution under section 72(1).

(3) The liability of a guarantee member to the company, as guarantee
member, is limited to —

(a) the amount that the guarantee member is liable to contribute as
specified in the memorandum in accordance with section 16(1);and

(b) any other liability expressly provided for in the memorandum
or articles of the company; and

(c) any liability to repay a distribution under section 72(1).