S.L. 386.33 Art. 7Voting and decisions in a sports private limited liability company.

Voting within the sports private limited liability company shall be governed by the memorandum and articles of association, which shall determine the method in which decisions may be taken from time to time, however a unanimous decision by the shareholders of a sports private limited liability company present and voting shall be required to:

(a) modify the memorandum and articles of association of a sports private limited liability company;

(b) modify the number of votes allotted to each shareholder;

(c) modify the manner in which decisions are taken;

(d) alter any other obligation of a shareholder, unless otherwise provided by the memorandum and articles of association;

(e) make any changes which in any manner impinge upon the intellectual property rights of the club;

(f) authorise a shareholder of the sports private limited liability company to use his participation as security through pledging of shares;

(g) withdraw its affiliation as a club with the National Association:

Provided that in the eventuality that no unanimous decision is obtained following the voting process, the proposed changes shall not take effect.