Article 125 Resolution not to take effect or to take effect at later date

(1)

This Article deals with circumstances in which a resolution under Article 124(2) either—

(a)

does not take effect under Article 124(8), or

(b)

takes effect at a time later than that mentioned in Article 124(8).

(2)

A resolution does not take effect under Article 124(8) if before the end of—

(a)

the period of 60 days mentioned in Article 124(8) (“the 60-day period”), or

(b)

that period as modified by paragraph (3) or (4),

the Commission notifies the charity trustees in writing that it objects to the resolution, either on procedural grounds or on the merits of the proposals contained in the resolution.

“On procedural grounds” means on the grounds that any obligation imposed on the charity trustees by or under Article 124 has not been complied with in connection with the resolution.

(3)

If under Article 124(6) the Commission directs the charity trustees to give public notice of a resolution, the running of the 60-day period is suspended by virtue of this paragraph—

(a)

as from the date on which the direction is given to the charity trustees, and

(b)

until the end of the period of 42 days beginning with the date on which public notice of the resolution is given by the charity trustees.

(4)

If under Article 124(7) the Commission directs the charity trustees to provide any information or explanations, the running of the 60-day period is suspended by virtue of this paragraph—

(a)

as from the date on which the direction is given to the charity trustees, and

(b)

until the date on which the information or explanations is or are provided to the Commission.

(5)

Paragraph (6) applies once the period of time, or the total period of time, during which the 60-day period is suspended by virtue of either or both of paragraphs (3) and (4) exceeds 120 days.

(6)

At that point the resolution (if not previously objected to by the Commission) is to be treated as if it had never been passed.