[434B Representation of corporations [in decision procedures and] at meetings]
[434B Representation of corporations [in decision procedures and] at meetings]

[(1)     If a corporation is a creditor or debenture-holder, it may by resolution of its directors or other governing body authorise a person or persons to act as its representative or representatives—

[(a)     in a qualifying decision procedure, held in pursuance of this Act or of rules made under it, by which a decision is sought from the creditors of a company, or]

(b)     at any meeting of a company held in pursuance of the provisions contained in a debenture or trust deed.

(2)     Where the corporation authorises only one person, that person is entitled to exercise the same powers on behalf of the corporation as the corporation could exercise if it were an individual creditor or debenture-holder.

Popular documents