Article 5 The transfer resolutionI1

United Kingdom

Paragraph 30 of Schedule 2 to the 1986 Act (transfer resolutions)^f1 applies in relation to a relevant transfer with the following modifications—

(a)

in sub-paragraph (1)(b), for “(“the requisite shareholders’ resolution”) is passed in accordance with sub-paragraphs (2) to (5) below”, substitute “is passed as a shareholding members’ resolution”;

(b)

omit sub-paragraphs (2) to (8).

Annotations

Commencement

I1: Art. 5 in force at 5.3.2009 in accordance with art. 1(2)

Footnotes

f1: Paragraph 30 of Schedule 2 was amended by the Building Societies Act 1997, section 43, Schedule 7, paragraph 57(10), (11) and (12), by S.I. 1997/2714 and by S.I. 2001/2617.