Examples of Shareholding Member in a sentence
Payment may be made by any means the Society considers appropriate and may be posted, delivered or otherwise transmitted to the Shareholding Member or (in the case of Shares which are jointly held) to the Representative Joint Shareholder.
Upon that payment being posted, delivered or otherwise transmitted, the Shareholding Member or (as the case may be) the joint Shareholding Members shall cease to be Shareholding Members.
A Shareholding Member may transfer his Deferred Shares to any Person and no fee shall be charged in respect of a transfer of a Deferred Share.
Upon a notice given under paragraph (a) or (b) above taking effect, the Society may pay to the Shareholding Member the whole of his Shareholding together with interest on it, up to and including the date of payment, at the applicable rate or rates.
If the Shares have been issued for a fixed term, the Society may at any time give the Shareholding Member written notice terminating his membership rights as a Shareholding Member with effect from the expiration of the fixed term.
Subject to paragraph (7) below, a Shareholding Member may transfer all or any of his Deferred Shares in any manner which is permitted by the terms and conditions of issue and is from time to time approved by the Board.
A Shareholding Member or all joint Shareholding Members may authorise an agent (who may be one of the joint Shareholding Members) to withdraw any Share (to the extent permissible under the terms of issue of the Share) or to receive any interest or bonus paid in respect of it and the receipt of, or evidence of payment to, an agent so authorised shall be a good discharge to the Society.
The Chairman of the meeting may however (if in his absolute discretion he so decides) permit any other joint Shareholding Member or joint Borrowing Member to attend and speak at a meeting but this shall not confer any further right on such Member.
No joint Shareholding Member, other than the Representative Joint Shareholder, and no joint Borrowing Member, other than the Representative Joint Borrower, may attend a meeting except as a proxy or exercise any right conferred by these Rules on a Member.
CESSATION OF MEMBERSHIP (1) Subject to paragraphs (2) and (3) below, a Shareholding Member shall cease to be a Shareholding Member if he ceases to hold a Share in the Society which, in the case of a Person who is a Member by virtue of holding a Deferred Share, will apply when his name is no longer entered in the Deferred Shares Register as the holder of a Deferred Share or a fraction of a Deferred Share.