Paragraph 4 Shareholders’ reserve powerI1
United Kingdom
(1)
The shareholders may, by special resolution, direct the directors to take, or refrain from taking, specified action.
(2)
No such special resolution invalidates anything which the directors have done before the passing of the resolution.
Annotations
Commencement
- I1
Sch. 1 art. 4 in force at 1.10.2009, see reg. 1
Notes on Schedule 1
Modifications
- C1
Sch. 1 applied (with modifications) (24.11.2025) by General Cemetery Act 2025 (c. ii), ss. 1(2), 3(3)