Section 197(3)

A resolution approving a transaction to which this section applies must not be passed unless a memorandum setting out the matters mentioned in subsection (4) is made available to members— in the case of a written resolution, by being sent or submitted to every eligible member at or before the time at which the proposed resolution is sent or submitted to him; in the case of a resolution at a meeting, by being made available for inspection by members of the company both— at the company's registered office for not less than 15 days ending with the date of the meeting, and at the meeting itself.

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Source: legislation.gov.uk · retrieved 2026-09-04