SCHEDULE 8 Provisions supplementary to Section 13
Friendly Societies Act 1992 (1992 c 40) | Legislation

SCHEDULE 8 Provisions supplementary to Section 13

Section 13

1

The provisions of this Schedule explain expressions used in section 13 above and otherwise supplement that section.

2

In section 13(9)(a) and (c) the references to the voting rights in a body corporate are to the rights conferred on shareholders in respect of their shares or, in the case of a body corporate not having a share capital, on members, to vote at general meetings of the body corporate on all, or substantially all, matters.

3

(1)     For the purposes of section 13(9)(a) and (c) the reference to the right to appoint or remove a majority of the board of directors is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all, or substantially all, matters.

(2)     . . .

[3A

(1)     A body is to be treated for the purposes of section 13(9) as having the right to appoint to a directorship if—

(a)     a person's appointment to the directorship follows necessarily from his appointment

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