218 Payment in connection with transfer of undertaking etc: requirement of members' approval
Companies Act 2006 (2006 c 46) | Legislation

218  Payment in connection with transfer of undertaking etc: requirement of members' approval

(1)     No payment for loss of office may be made by any person to a director of a company in connection with the transfer of the whole or any part of the undertaking or property of the company unless the payment has been approved by a resolution of the members of the company.

(2)     No payment for loss of office may be made by any person to a director of a company

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