Section 32: Proxy voting by societies.

Industrial and Provident Societies Act 1965 · 1965 c.12

This provision is repealed

It is retained for historical reference and may not reflect the law currently in force.

REPEALED on 2014-08-01 by Community Benefit Societies Act 2014.
The text below is from the dated revised snapshot immediately preceding this status change. It is historical and is not current law. View the historical source.

32(1)

A registered society which has invested any part of its funds in the shares or on the security of any other body corporate may appoint as proxy any one of its members notwithstanding that he is not personally a shareholder of that other body corporate.

32(2)

Any member of the society so appointed shall during the continuance of his appointment be taken by virtue thereof as holding the number of shares held by the society for all purposes other than the transfer of any such share or the giving of a receipt for any dividend thereon.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.