OpenLegislation

Paragraph 4 Members’ reserve powerI1

United Kingdom

(1)

The members 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. 2 art. 4 in force at 1.10.2009, see reg. 1