C1C2C3Part 27Mergers and divisions of public companies

Annotations:

Chapter 2Merger

Requirements applicable to merger

907Approval of members of merging companies

1

The scheme must be approved by a majority in number, representing 75% in value, of each class of members of each of the merging companies, present and voting either in person or by proxy at a meeting.

2

This requirement is subject to sections 916, 917 and 918 (circumstances in which meetings of members not required).