834. Approval of members of companies involved in the division

Past version: effective from 14/06/2015 - 13/06/2015
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(1) The scheme must be approved by members of each class of the companies involved in the division representing 75% of the voting rights of the class of members, present and voting either in person or by proxy at a meeting.
(2) This requirement is subject to sections 844 and 845 (circumstances in which meeting of members not required).