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INDUSTRIAL AND PROVIDENT SOCIETIES ACT (NORTHERN IRELAND) 1969 - SECT 32

Proxy voting by societies.

32.(1) A registered society which has invested any part of its funds in the
shares or on the security of any other body corporate may appoint as proxy any
one of its members notwithstanding that he is not personally a shareholder of
that other body corporate.

(2) Any member of the society so appointed shall during the continuance of his
appointment be taken by virtue thereof as holding the number of shares held by
the society for all purposes other than the transfer of any such share or the
giving of a receipt for any dividend thereon.


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© 1969 Crown Copyright

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