Insurance Income Strategies Ltd. - FORM S-1 - EX-3.2 - EXHIBIT 3.2 - October 24, 2017

Attached files

file filename
EX-23.1 - EXHIBIT 23.1 - Insurance Income Strategies Ltd.t1702586_ex23-1.htm
EX-21.1 - EXHIBIT 21.1 - Insurance Income Strategies Ltd.t1702586-ex21_1.htm
EX-5.1 - EXHIBIT 5.1 - Insurance Income Strategies Ltd.t1702586_ex5-1.htm
EX-3.3 - EXHIBIT 3.3 - Insurance Income Strategies Ltd.t1702586_ex3-3.htm
EX-3.1 - EXHIBIT 3.1 - Insurance Income Strategies Ltd.t1702586_ex3-1.htm
S-1 - FORM S-1 - Insurance Income Strategies Ltd.t1702586-s1.htm

 

Exhibit 3.2

 

FORM NO. 2

 

 

BERMUDA

 

THE COMPANIES ACT 1981

 

MEMORANDUM OF ASSOCIATION OF COMPANY LIMITED BY SHARES

Section 7(1) and (2)

 

MEMORANDUM OF ASSOCIATION

 

OF

 

Insurance Income Strategies Ltd.

 

 

(hereinafter referred to as the "Company")

 

1.The liability of the members of the Company is limited to the amount (if any) for the time being unpaid on the shares respectively held by them.

 

2.We, the undersigned, namely,

 

Name and Address Bermudian Status Nationality Number of Shares
  (Yes or No)   Subscribed
       
Estera Services (Bermuda) Limited Yes Bermuda 1
Canon’s Court      
22 Victoria Street      
Hamilton HM 12      
Bermuda      

 

do hereby respectively agree to take such number of shares of the Company as may be allotted to us respectively by the provisional directors of the Company, not exceeding the number of shares for which we have respectively subscribed, and to satisfy such calls as may be made by the directors, provisional directors or promoters of the Company in respect of the shares allotted to us respectively.

 

 

 

 

3.The Company is to be an exempted Company as defined by the Companies Act 1981.

 

4.The Company, with the consent of the Minister of finance, has power to hold land situate in Bermuda not exceeding _______________________________ in all, including the following parcels:-

 

Not Applicable

 

5.The authorized share capital of the Company is USD 1.00 consisting of 1 share of par value USD 1.00 each.

 

6.The objects for which the Company is formed and incorporated are unrestricted.

 

7.The following are provisions regarding the powers of the Company:

 

(i)has the powers of a natural person;

 

(ii)subject to the provisions of Section 42 of the Companies Act 1981, has the power to issue preference shares which at the option of the holders thereof are to be liable to be redeemed;

 

(iii)has the power to purchase its own shares in accordance with the provisions of Section 42A of the Companies Act 1981; and

 

(iv)has the power to acquire its own shares to be held as treasury shares in accordance with the provisions of Section 42B of the Companies Act 1981.

 

 

 

 

Signed by each subscriber in the presence of at least one witness attesting the signature thereof:-

 

Subscriber   Witness
     
 
For and on behalf of    
Estera Services (Bermuda) Limited    

 

Subscribed this 17th day of July 2017.