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PART 8DECISION MAKING

CHAPTER 10Contributories’ voting rights and majorities

Contributories’ voting rights and requisite majorities

8.39.  In a decision procedure for contributories—

(a)voting rights are as at a general meeting of the company, subject to any provision of the articles affecting entitlement to vote, either generally or at a time when the company is in liquidation; and

(b)a decision is made if more than ½ of the votes cast by contributories are in favour.