Diana Dawes owns 100,000 shares in a company called Green Minerals NL (Green). Green is a Western Australian based mineral exploration company listed on the ASX. The letters "NL" at the end of its name indicate that it is a 'no liability' company. What does this mean? Why would a company be formed as a no liability company?

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A noliability company is a limited liability public company whose principal a... View the full answer