Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens if the club goes into administration? Will RamsTrust members lose money?

April 26, 2017Administration club happens lose members money ramstrust

0

Posted

What happens if the club goes into administration? Will RamsTrust members lose money?

1 Answer

0

Posted

Absolutely not. Whether the club or the trust folds, which has never happened yet, trust constitution covers the members’ liability to £1 – the price of their original share of the trust they receive when joining. As an Industrial and Provident Society, the trust protects members from any personal liability beyond this amount.