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Sanction of shareholders to agreement.
26 & 27 Vict. c. 92.
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2. The agreement for transfer shall not have any operation unless and until it has been sanctioned (either before or after the passing of this Act) by three-fifths of the votes of the shareholders and stockholders of the railway company in whom the undertaking is to be vested entitled to vote at meetings of such company and present (personally or by proxy) at a general meeting thereof specially convened for the purpose in accordance with the provisions of Part III. of the Railways Clauses Act, 1863, or of any special Act affecting the said company.
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