Part 4A society's capacity and related matters
Capacity of society and power of committee to bind it
44Special resolutions under section 43
1
This section supplements section 43.
2
A resolution is a “special resolution” if—
a
it is passed at a general meeting by at least 75% of the eligible members who vote, and
b
at least 21 days' notice of the meeting, specifying the intention to propose the resolution, is given in accordance with the society's rules.
3
In subsection (2)—
a
“eligible member” means a member who is entitled to vote;
b
references to voting are to voting in person or, where the society's rules allow proxies, by proxy.
4
A copy of a special resolution, signed by the chair of the meeting at which the resolution was passed and countersigned by the society's secretary, must be sent to the FCA and registered by it.
5
The resolution does not take effect until a copy of it has been registered.