reg 117

Amalgamation approval

In force

(1)

If each existing organisation for a proposed amalgamation approves the proposed amalgamation, the proposed amalgamation is approved.

(2)

An alternative amalgamation is approved if—

(a)

the scheme for the proposed amalgamation has an alternative scheme; and

(b)

1 or more existing organisations for the amalgamation do not approve the proposed amalgamation; and

(c)

each existing organisation that the alternative amalgamation is about approves the alternative amalgamation.

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