› Flat Chat Strata Forum › Proxies – blind faith or good sense? › Period/Meetings of Proxy Validity › Current Page
Thanks for comments. They made me refer to the NSW Act itself. It reads:
Schedule 1
Clause 26 (4) Period for which proxy effective
An instrument appointing a proxy has effect for the period commencing with the day on which it takes effect and ending with the later of the first anniversary of that day and the conclusion of the second annual general meeting held after that day, unless it is sooner revoked or a shorter period is provided by the instrument.
This makes clear the Clause is about a PERIOD of time for the Proxy (not a number of meetings or what meetings).
That PERIOD as it states, can End on the LATER of (first anniversary). . . . . . THE CONCLUSION OF THE SECOND AGM HELD AFTER THAT DAY . (that day being the day the proxy takes effect being the day stated on it).
Do you agree ?