C2C1Part 10A company's directors

Annotations:
Modifications etc. (not altering text)
C2

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Chapter 4Transactions with directors requiring approval of members

Supplementary

I1223Transactions requiring members' approval: application of provisions to shadow directors

1

For the purposes of—

a

sections 188 and 189 (directors' service contracts),

b

sections 190 to 196 (property transactions),

c

sections 197 to 214 (loans etc), and

d

sections 215 to 222 (payments for loss of office),

a shadow director is treated as a director.

2

Any reference in those provisions to loss of office as a director does not apply in relation to loss of a person's status as a shadow director.