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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 12 March 2015 - onwards
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62. Removal of directors

(1) An ICAV may by ordinary resolution remove a director before the end of the director’s period of office despite anything in its instrument of incorporation or in any agreement between the ICAV and the director.

(2) In the case of a resolution to remove a director under this section, or to appoint somebody instead of the director so removed at the meeting at which he or she is removed, the following provisions shall apply:

(a) the ICAV shall be given not less than 28 days’ notice of the intention to move the resolution unless the directors of the ICAV have resolved to submit it;

(b) on receipt of the notice the ICAV shall forthwith send a copy of the resolution to the director concerned, and the director (whether or not a member of the ICAV) shall be entitled to be heard on the resolution at the meeting;

(c) the ICAV shall give its members notice of the resolution at the same time and in the same manner as it gives notice of the meeting or, if that is not practicable, shall give

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