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Corporations Act 2001
167AEMCI requirements—class rights
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#### 167AE MCI requirements—class rights
A share in a mutual entity meets the requirement in this section if the rights attached to the share can be varied or cancelled only by special resolution of the company and either:
(a) by special resolution passed at a meeting of the class of members holding shares in the same class; or
(b) with the written consent of members with at least 75% of the votes in the class.