Irish Collective Asset-management Vehicles Act 2015
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Appointment of directors to be voted on individually | ||
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61. (1) At a general meeting of an ICAV, a motion for the appointment of 2 or more persons as directors of the ICAV by a single resolution shall not be made, unless a resolution that it shall be so made has first been agreed to by the meeting without any vote being given against it. | ||
(2) Subject to subsections (3) and (4), a resolution moved in contravention of this section shall be void, whether or not its being so moved was objected to at the time. | ||
(3) Subsection (2) shall not be taken as excluding the operation of section 60 . | ||
(4) Where a resolution moved in contravention of this section is passed, no provision for the automatic re-appointment of retiring directors in default of another appointment shall apply. | ||
(5) For the purposes of this section, a motion for approving a person’s appointment or for nominating a person for appointment shall be treated as a motion for the person’s appointment. | ||
(6) Nothing in this section shall apply to a resolution altering an ICAV’s instrument of incorporation. |