BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 69 Right to demand a poll.

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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 69

Right to demand a poll.

69.(1) A resolution of a building society shall be a special resolution when
it has been passed by not less than three-fourths of the number of the members
of the society qualified to vote on a special resolution, and voting, in
person or by proxy, on a poll on the resolution, at a meeting of the society
of which notice specifying the intention to move the resolution as a
special resolution has been duly given.

(2) The members qualified to vote on a special resolution at a meeting of a
building society shall be all the members of the society who were also members
at the end of the last financial year before the date of the meeting, except
that, if the rules of the society so provide, members who, at the end of that
financial year, did not, or at the date of the meeting do not, hold shares in
the society to a value of one pound or more shall not be qualified to vote.

(3) For the purposes of this section

(a)notice of a meeting shall be taken to be duly given if the notice is given
in the manner provided by this Act and by the rules of the building society;

(b)a meeting of a building society shall be taken to be duly held if it is
held in the manner provided by the rules of the society.

(4) Notwithstanding anything in the rules of a building society, the business
which may be dealt with at the annual general meeting, or at any other
meeting, shall include any resolution to be passed as a special resolution.

(5) In any rules made by a building society on or after 1st October 1964,
whether before or after the commencement of this Act, "special resolution",
unless the context otherwise requires, means a special resolution as defined
in this section.

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Northern Irish Legislation

BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 69