PART 8DECISION MAKING

CHAPTER 10Contributories' voting rights and majorities

Contributories' voting rights and requisite majorities8

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.