# The Insolvency Rules 1986, Rule 1.20: Requisite majorities (members)

Extent: E+W

(1) Subject as follows, and to any express provision made in the articles, at a company meeting any resolution is to be regarded as passed if voted for by more than one-half in value of the members present in person or by proxy and voting on the resolution.
The value of members is determined by reference to the number of votes conferred on each member by the company’s articles.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) If the chairman uses a proxy contrary to Rule 1.15, his vote with that proxy does not count towards any majority under this Rule.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/1.20 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-1.20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.