Article 145 Use of proxies

A proxy for a specific meeting must be delivered to the chair before the meeting.

A continuing proxy must be delivered to the SMCL administrator and may be exercised at any meeting which begins after the proxy is delivered.

A proxy may be used at the resumption of the meeting after an adjournment, but if a different proxy is given for use at a resumed meeting, that proxy must be delivered to the chair before the start of the resumed meeting.

Where a specific proxy directs a proxy-holder to vote for or against a resolution for the appointment of a person other than the SMCL administrator as proposed liquidator of the SMCL, the proxy-holder may, unless the proxy states otherwise, vote for or against (as the proxy-holder thinks fit) a resolution for the nomination or appointment of that person jointly with another or others.

A proxy-holder may propose a resolution which is one on which the proxy-holder could vote if someone else proposed it.

Where a proxy gives specific directions as to voting, this does not, unless the proxy states otherwise, prohibit the proxy-holder from exercising discretion how to vote on a resolution which is not dealt with by the proxy.

The chair may require a proxy used at a meeting to be the same as or substantially similar to the blank proxy delivered for that meeting or to a blank proxy previously delivered which has been completed as a continuing proxy.