42
In forceApproval by committee of management
Chapter 3Amalgamation and withdrawal from amalgamation
Part 2Amalgamation of organisations
Division 3Commencement of amalgamation procedure
42 Approval by committee of management
(1)
The scheme for a proposed amalgamation, and each alteration of the scheme, must be approved, by resolution, by the committee of management of each existing organisation concerned in the amalgamation.
(2)
Despite anything in the rules of an existing organisation, approval, by resolution, by the committee of management of the scheme, or an alteration of the scheme, is taken to be sufficient compliance with the rules, and any proposed alteration of the rules contained in the scheme, or the scheme as altered, is taken to have been properly made under the rules.
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