Valid from 01/11/2005
243Member-nominated trustees and directors: supplementaryE+W+S
This section has no associated Explanatory Notes
(1)The Secretary of State may, by order, amend sections 241(1)(a) and (4) and 242(1)(a) and (4) by substituting, in each of those provisions, “one-half” for “one-third”.
(2)Regulations may modify sections 241 and 242 (including any of the provisions mentioned in subsection (1)) in their application to prescribed cases.
(3)In sections 241 and 242—
“company” means a company within the meaning given by section 735(1) of the Companies Act 1985 (c. 6) or a company which may be wound up under Part 5 of the Insolvency Act 1986 (c. 45) (unregistered companies);
“occupational trust scheme” means an occupational pension scheme established under a trust.