- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
13. Article 41
For Article 41 there shall be substituted the following Article—
“41. Without prejudice to Article 42—
(a)every member holding a Founders' Share shall have one vote for every Founders' Share of which he is the holder;
(b)every member holding a Union share shall have in relation to that share
(i)in the period to 31st March 1988 such number of votes as appears opposite the name of the Union for which he holds the share as nominee in the following table—
Union | Number of Votes at General Meetings |
---|---|
The National Union of Mineworkers | 500 |
The Union of Democratic Mineworkers | 200 |
The National Association of Colliery Overmen, Deputies and Shotfirers | 100 |
The British Association of Colliery Management | 100 |
The Association of Professional, Executive, Clerical and Computer Staff | 100 |
and
(ii)thereafter, with effect on and from 1st April in the year following each of the dates for the notification by the Corporation for the purposes of Article 2A(2) and until 1st April in the calendar year next following the date for the next such notification such number of votes determined by applying, in respect of the number of contributing members of that Union established in accordance with Article 2A, the table following—
Number of Union Members or Number of Union Members as a percentage of the aggregate total of Members of the Unions | Number of Votes at General Meetings |
---|---|
Below 3,000 members | None |
3,000 or more but not more than 10% | 100 |
10% but less than 25% | 200 |
25% but less than 40% | 300 |
40% but less than 55% | 400 |
55% but less than 70% | 500 |
70% but less than 85% | 600 |
85% to 100% | 700 |
(c)Every member holding a Corporation Share shall have in relation to that share such number of votes as shall be equal to the total of all votes which could be cast by the holders of Union Shares, divided by the number of issued Corporation Shares.”
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: