- (1)
- Subject to subregulations (2) and (3), a person acting under:
- (a)
- a
general proxy; or
- (b)
- a special proxy;
must not vote in favour of any resolution which would directly or indirectly
place:
- (c)
- the person; or
- (d)
- the person's partner; or
- (e)
- the person's employer;
in a position to receive any remuneration out of assets of the company except
as a creditor rateably with the other creditors of the company.
- (2)
- If a
person holds a special proxy to vote for an application to the Court in favour
of his or her appointment as liquidator, he or she may use the proxy and vote
accordingly.
- (3)
- If a person holds a special proxy to vote:
- (a)
- in favour of his or her
appointment as the administrator of a company under administration or of a
deed of company arrangement; or
- (b)
- against the termination of his or her appointment as the administrator of
a company under administration or of a deed of company arrangement;
he or she may use the proxy and vote accordingly.