(1) This section applies where the rights of any class of members of a company are varied under section 631 (variation of class rights: companies without a share capital).
(2) Members amounting to not less than 15% of the members of the class in question (being persons who did not consent to or vote in favour of the resolution for the variation) may apply to the court to have the variation cancelled.
(3) If such an application is made, the variation has no effect unless and until it is confirmed
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