OpenLegislation

Rule 4.64 Chairman of meeting as proxy-holderI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)

Where the chairman at a meeting of creditors or contributories holds a proxy which requires him to vote for a particular resolution, and no other person proposes that resolution—

(a)

he shall himself propose it, unless he considers that there is good reason for not doing so, and

(b)

if he does not propose it, he shall forthwith after the meeting notify his principal of the reason why not.

Annotations

Commencement

I1

Rule 4.64 in force at 29.12.1986, see rule 0.1