The following provisions have effect in relation to a nomination under section 146 (nomination of person to enjoy information rights).
The nomination may be terminated at the request of the member or of the nominated person.
The nomination ceases to have effect on the occurrence in relation to the member or the nominated person of any of the following—
in the case of an individual, death or bankruptcy;
in the case of a body corporate, dissolution or the making of an order for the winding up of the body otherwise than for the purposes of reconstruction.
In subsection (3)—
the reference to bankruptcy includes—
the sequestration of a person's estate, and
a person's estate being the subject of a protected trust deed (within the meaning of the Bankruptcy (Scotland) Act 2016); and
the reference to the making of an order for winding up is to—
the making of such an order under the Insolvency Act 1986 (c. 45) or the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)), or
any corresponding proceeding under the law of a country or territory outside the United Kingdom.
The effect of any nominations made by a member is suspended at any time when there are more nominated persons than the member has shares in the company.
Where—
the member holds different classes of shares with different information rights, and
there are more nominated persons than he has shares conferring a particular right,
the effect of any nominations made by him is suspended to the extent that they confer that right.