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Aircraft and Shipbuilding Industries Act 1977

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This is the original version (as it was originally enacted).

2Where the office of a stockholders' representative is about to became vacant or has become vacant, otherwise than in consequence of the completion of his duties under this Act, a stockholders' representative to fill the vacancy shall be appointed at a meeting of the holders of securities called—

(a)if the office is not yet vacant, by the stockholders' representative,

(b)if the office is vacant and the meeting is called before the relevant vesting date, by the company, or

(c)in any other case, by the Secretary of State,

but if the appointment has not been made within the period of 2 months beginning on the date on which the vacancy occurred, the appointment may be made by the Secretary of State.

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