Do All Modules Get Loaded??

[Cyberdude]

Consider the following statements:

"When a workbook is opened, ALL of its modules are also loaded. Modules are NOT loaded on an "as needed" basis."

Can anyone say with certainty that those two sentences are correct?

[Killian]

A standard module is loaded when the workbook is opened. This is when any global variables, constants, etc are initialized.
A class module (which includes userforms) is loaded when its instanced or "as needed"

[Cyberdude]

When you say "a standard module" is loaded, I shall assume that means "ALL standard modules", which would have been my guess. I was just hoping it was otherwise. (Sigh) But thanks a load Killian. It sounds like you know what you're talking about, and I'm sure you do.