(1) This section applies to a resolution under section 716 (resolution authorising payment out of capital for redemption or purchase of own shares).
(2) A copy of the directors' statement and auditor's report under section 714 must be made available to members—
(a) in the case of a written resolution, by being sent or submitted to every eligible member at or before the time at which the proposed resolution is sent or submitted to him;
(b) in the case of a resolution at a meeting, by being made available for inspection by members of the company at the meeting.
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