Commentary

7 Investment clubs

CLUBS vol 7
| Commentary

7 Investment clubs

| Commentary

7 Investment clubs

A group of people may form themselves into an association described as an investment club for the purpose of making joint investments in stocks, shares and other securities by means of the periodical contributions of each member of the group1. Investments are made at the discretion of a committee and members are entitled to the income in proportion to their contributions. An association of this nature is liable to be regarded as a partnership2.

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