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Paragraph 16 Rights to appoint or remove members of the boardI1I2I3

United Kingdom

A reference to the right to appoint or remove a majority of the board of directors of a legal entity is a reference to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all or substantially all matters.

Annotations

Commencement

I1

Sch. 2 para. 16 not in force at Royal Assent, see s. 69

I2

Sch. 2 para. 16 in force at 1.8.2022 (except in so far as relating to ss. 7–11 of the Act) by S.I. 2022/876, reg. 3(b)

I3

Sch. 2 para. 16 in force at 12.10.2022 by S.I. 2022/1039, reg. 2(b)