AppointmentU.K.
This
adran has no associated
Memorandwm Esboniadol
86.—(1) If the protected cell company holds annual general meetings, an appointment of a director of a protected cell company must be made—
(a)by the protected cell company in an annual general meeting; or
(b)by the directors to fill any vacancy until the next annual general meeting.
(2) If a protected cell company does not hold annual general meetings, the director (if there is only one director) or directors (if there is more than one director) of the protected cell company may appoint a person as a director.
(3) An act of a director is valid notwithstanding any defect which may be discovered in the director's appointment after the date of the director's appointment.