Voting majority principle for contributories' resolutions requires majority in number and value of votes present and voting. A resolution at a contributories' meeting is passed when a majority in number and value of contributories present personally or by proxy and voting on the ... Summary
Voting majority principle for contributories' resolutions requires majority in number and value of votes present and voting.
A resolution at a contributories' meeting is passed when a majority in number and value of contributories present personally or by proxy and voting on the resolution vote in favour; the value of each contributory is determined by the number of votes he is entitled to as a member under the Act or the company's regulations.
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