Resolutions and meetings
This section has no associated Explanatory Memorandum
3.—(1) Any meeting of members of StayCo held while StayCo is wholly owned by the Treasury shall, if the Treasury Solicitor is present in person or by proxy or authorises a corporate representative to attend, be deemed to be a duly constituted general meeting of the company notwithstanding that it may not have been properly called, or notice of it may not have been properly given.
(2) A resolution of StayCo is effective notwithstanding that special notice of the resolution is required by any provision of the 2006 Act but has not been given.
(3) In this article, “special notice” means notice of intention to move a resolution that is given at least 28 days before the meeting at which it is moved.