Co-operative and Community Benefit Societies Act 2014

120 Special resolutions under section 119

(1) This section supplements section 119.

(2) A resolution is a “special resolution” if—

(a) the resolution is passed at a general meeting by at least two-thirds of the eligible members who vote,

(b) notice of this meeting (“the first meeting”), specifying the intention to propose the resolution, is duly given in accordance with the society’s rules,

(c) the resolution is confirmed at a subsequent general meeting by over half of the eligible members who vote,

(d) notice of this meeting (“the second meeting”) is duly given, and

(e) the second meeting is held at least 14 days, and no more than one month, from the day of the first meeting.

(3) In this section—

(a) “eligible member” means a member entitled under the society’s rules to vote;

(b) references to voting are to voting in person or, where the rules allow proxies, by proxy.