158
In forceChanges in membership requiring works plan changes
158 Changes in membership requiring works plan changes
(1)
A corporation must not make a change in membership that requires a change to the works plan unless the proposed change to the works plan has been approved by at least two thirds of the members of the corporation who are entitled to vote on the question.
(2)
The regulations may vary the proportion of members of a corporation who must approve any such change.
(3)
Any change to the works plan takes effect from the date approval is given or such other date (being an earlier or later date) as is specified in the approval.
This Act’s bill:Explanatory memorandumSecond reading speech
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