OpenLegislation

Paragraph 7 Transactions requiring members’ approval: substantial property transactions (ss.190 to 196)

Original text. Later amendments are not shown.

(1)

Sections 190 to 196 of the Companies Act 2006 (substantial property transactions: requirement of members’ approval) apply to arrangements or transactions entered into on or after 1st October 2007.

(2)

A resolution passed before that date approving an arrangement or transaction is effective for the purposes of those sections if it complies with the requirements of those sections.

(3)

Sections 320 to 322 of the 1985 Act or Articles 328 to 330 of the 1986 Order continue to apply in relation to arrangements or transactions entered into before that date.