C1Part 30Protection of members against unfair prejudice

Annotations:
Modifications etc. (not altering text)

Main provisions

I1994Petition by company member

1

A member of a company may apply to the court by petition for an order under this Part on the ground—

a

that the company's affairs are being or have been conducted in a manner that is unfairly prejudicial to the interests of members generally or of some part of its members (including at least himself), or

b

that an actual or proposed act or omission of the company (including an act or omission on its behalf) is or would be so prejudicial.

2

The provisions of this Part apply to a person who is not a member of a company but to whom shares in the company have been transferred or transmitted by operation of law as they apply to a member of a company.

3

In this section, and so far as applicable for the purposes of this section in the other provisions of this Part, “company” means—

a

a company within the meaning of this Act, or

b

a company that is not such a company but is a statutory water company within the meaning of the Statutory Water Companies Act 1991 (c. 58).