Statute
Section 167AE — Corporations Act 2001: MCI requirements—class rights
Text of the provision Official document
A share in a mutual entity meets the requirement in this section if the rights attached to the share can be varied or cancelled only by special resolution of the company and either: (a) by special resolution passed at a meeting of the class of members holding shares in the same class; or (b) with the written consent of members with at least 75% of the votes in the class.
Official source: Federal Register of Legislation
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