(1) Articles shall—
(a) prescribe regulations for the international business company; and
(b) be subscribed to by the registered agent named in the articles.
(2) Where an international business company is registered under section 5, the articles bind the international business company and its members to the same extent as if each member had subscribed his or her name and affixed his or her seal thereto and as if there were contained in the articles on the part of himself or herself, his or her heirs, executors and administrators, a covenant to observe the provisions of the articles, subject to this Act.