Article 67 - Right to Demand a Poll
(1) A provision contained in an Investment Club's articles of association is void insofar as it would have the effect either:
a. of excluding the right to demand a poll at a general meeting, or at a meeting of any class of Members, on a question other than the election of the chairman of the meeting or the adjournment of the meeting; or
b. of making ineffective a demand for a poll on any such question which is made either:
(i) by not less than five Members having the right to vote on the question;
(ii) by a Member or Members representing not less than 10 percent of the total voting rights of all the Members having the right to vote on the question; or
(iii) by a Member or Members holding not less than 10 percent in nominal value of the Shares in the Investment Club conferring a right to vote at the meeting.
(2) The instrument appointing a proxy to vote at such a meeting is deemed also to confer authority to demand or join in demanding a poll; and for the purposes of Article 67(1) a demand by a person as proxy for a Member is the same as a demand by the Member.
(3) On a poll taken at such a meeting, a Member entitled to more than one vote need not, if he votes, use all his votes or cast all the votes he uses in the same way.
|Derived (as from 20th December 2016).|