Part 9Amalgamations, conversions, dissolution etc
Dissolution by an instrument of dissolution
120Special resolutions under section 119
1
This section supplements section 119.
2
A resolution is a “special resolution” if—
a
the resolution is passed at a general meeting by at least two-thirds of the eligible members who vote,
b
notice of this meeting (“the first meeting”), specifying the intention to propose the resolution, is duly given in accordance with the society's rules,
c
the resolution is confirmed at a subsequent general meeting by over half of the eligible members who vote,
d
notice of this meeting (“the second meeting”) is duly given, and
e
the second meeting is held at least 14 days, and no more than one month, from the day of the first meeting.
3
In this section—
a
“eligible member” means a member entitled under the society's rules to vote;
b
references to voting are to voting in person or, where the rules allow proxies, by proxy.