S.L. 386.15 Art. 13Recognised incorporated cell company cannot transact on behalf of its incorporated cells and vice versa.

(1) A recognised incorporated cell company shall have no power, by virtue of its position as a recognised incorporated cell company, to enter into transactions on behalf of any of its incorporated cells.

(2) An incorporated cell shall have no power, by virtue of its position as an incorporated cell, to enter into transactions on behalf of its recognised incorporated cell company.

(3) The directors or officers of a recognised incorporated cell company or of an incorporated cell shall ensure that, in respect of every transaction entered into, it is identified or specified whether that transaction is being entered into by the recognised incorporated cell company or by the incorporated cell, and if the transaction is entered into by an incorporated cell, which incorporated cell.