718 SECRETARIAL PRACTICE

company shall be so incorporated, and any banking company in
Scotland so incorporated shall be deemed to be a bank incorporated
sonstituted, or established bv or under Act of Parliament.

Vesting of
property on
registration.

Saving for exist-
ng liabilities.

330. All property, real and personal (including things in action),
oelonging to or vested in a company at the date of its registration in
pursuance of this Part of this Act, shall on registration pass to and
vest in the company as incorporated under this Act for all the estate
ind interest of the company therein.
331. Registration of a company in pursuance of this Part of this
Act shall not affect the rights or liabilities of the company in respect
of any debt or obligation incurred, or any contract entered into,
by, to. with, or on behalf of, the company before registration.

Continuation of ~~ 332, All actions and other legal proceedings which at the time

SHiSting actions. of the registration of a company in pursuance of this Part of this
Act are pending by or against the company, or the public officer
or any member thereof, may be continued in the same manner as
if the registration had not taken place:

Provided that execution shall not issue against the effects of
any individual member of the company on any judgment, decree,
or order obtained in any such-action or proceeding, but, in the
event of the property and effects of the company being insufficient
to satisfy the judgment, decree, or order, an order may be obtained
for winding up the company.

iffect of regis-
ration under
Act

333.—(x) When a company is registered in pursuance of this
Part of this Act, the following provisions of this section shall have
effect.
(2) All provisions contained in any Act of Parliament or other
instrument constituting or regulating the company, including, in
the case of a company registered as a company limited by guarantee,
the resolution declaring the amount of the guarantee, shall be deemed
to be conditions and regulations of the company, in the same manner
and with the same incidents as if so much thereof as would, if the
company had been formed under this Act, have been required to be
inserted in the memorandum, were contained in a registered memo-
randum, and the residue thereof were contained in registered articles.

(3) All the provisions of this Act shall apply to the company,
and the members, contributories, and creditors thereof, in the same
manner in all respects as if it had been formed under this Act,
subject as follows: —

(a) Table A shall not apply unless adopted by special resolution;

(6) The provisions of this Act relating to the numbering of

shares shall not apply to any joint stock company whose
shares are not numbered;

Subject to the provisions of this section the company shall
not have power to alter any provision contained in any
Act of Parliament relating to the company;

'c)