THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

PART 2G.4 - MEETINGS OF MEMBERS OF REGISTERED MANAGED INVESTMENT SCHEMES

Division 4 - Holding meetings of members

SECTION 252S   CHAIRING MEETINGS OF MEMBERS  

252S(1)  [Appointment of chairman]  

The responsible entity may, in writing, appoint an individual to chair a meeting called under section 252A or 252B.

252S(2)  [When chairman must be elected]  

The members present at a meeting called under section 252A or 252B must elect a member present to chair the meeting (or part of it) if:

(a)  a chair has not previously been appointed to chair the meeting; or

(b)  a previously appointed chair is not available, or declines to act, for the meeting (or part of the meeting).

252S(3)  [Member to chair meeting]  

The members present at a meeting called under section 252C, 252D or 252E must elect a member present to chair the meeting. This is not so if the meeting is called under section 252E and the Court has directed otherwise under section 1319.