967 Further provision about opting-in and opting-out resolutions
967 Further provision about opting-in and opting-out resolutions
Companies Act 2006 | Legislation

(1)     An opting-in resolution or an opting-out resolution must specify the date from which it is to have effect (the “effective date”).

(2)     The effective date of an opting-in resolution may not be earlier than the date on which the resolution is passed.

(3)     The second and third [second, third, fourth and fifth] conditions in section 966 must be met at the time when an opting-in resolution is passed, but the first one does not need to be met until the effective date.