60 Directors: elections and retirements
Building Societies Act 1986 (1986 c 53) | Legislation

60  Directors: elections and retirements

(1)     Except in so far as they may be co-opted by virtue of subsection (13) below, the directors of a building society must be elected to office, either—

[(a)     on a poll taken at the annual general meeting of the society, or]

(b)     by postal [or electronic] ballot of the members conducted during that part of the financial year of the society which precedes the date on which the annual general meeting is held,

as the rules provide.

[(1A)     Where directors of a building society are to be elected to office on a poll taken at the annual general meeting of the society, a form for the appointment of a proxy shall be sent to each person entitled to notice of the meeting.]

(2)     The persons entitled to vote in an election of directors of a building society are those members of the society who, on the voting date, are entitled to vote on an ordinary resolution of the society.

[(3)     Where, in the case of an election of directors of a building society, there are more candidates than vacancies to be filled by the election, a person entitled to vote in the election—

(a)

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