Article 68 - Representation of Entity at Meetings
(1) An Entity may:
a. if it is a Member of an Investment Club authorise such person as it thinks fit to act as its representative at any meeting of the Investment Club or at any meeting of any class of Members of the Investment Club; and
b. if it is a creditor (including a holder of debentures), of an Investment Club authorise such person as it thinks fit to act as its representative in any meeting of any creditors of the Investment Club held pursuant of these Regulations or any other Regulations, or in pursuance of the provisions contained in any debenture or trust deed, as the case may be.
(2) A person authorised as aforesaid shall be entitled to exercise the same powers on behalf of the Entity which it represents as that Entity could exercise as if it were an individual Member, creditor or holder of debentures in the Investment Club.
|Derived (as from 20th December 2016).|