Motion detail

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Motion

Motion title
Rule change: borrowing by union
Meeting date
30 May 2008
Motion
84
Motion text

Insert new rule 30. 4:
On behalf of the Union the National Executive Committee may borrow money, whether or not secured by way of mortgage or other method of secured lending, against any of the property of the Union (whether real or personal), and, if required to do so by the National Executive Committee, the Trustees shall execute all deeds and documents for the purpose of giving effect to the decision of the National Executive Committee.
Reason: the need for this rule this was only brought to the union's attention during the process of securing a new head office building, after the motion deadline.

Proposing body
National executive committee (NEC)
Amended
No
Notes

Administrative info

Listing reference
2008/C/05-30/150/84