The Investment Bank Special Administration (Scotland) Rules 2011

Representation of corporations

This section has no associated Explanatory Memorandum

107.—(1) Where a person (“P”) is authorised under section 323 of the 2006 Act(1) (representation of corporations at meetings) to represent a corporation at a meeting held in a special administration, P shall produce to the chair of the meeting a copy of the resolution from which P’s authority is derived.

(2) The copy resolution must be signed or subscribed by or on behalf of the corporation in accordance with the provisions of the Requirements of Writing (Scotland) Act 1995(2) or certified by the secretary or a director of the corporation to be a true copy.

(3) Nothing in this rule requires the authority of a person to sign a proxy on behalf of a principal which is a corporation to be in the form of a resolution of that corporation.

(1)

2006 c.46; section 323 was amended by S.I. 2009/1632.