Search Legislation

Transport Act 1981

 Help about what version

What Version

 Help about advanced features

Advanced Features

Changes over time for: SCHEDULE 2

 Help about opening options

Changes to legislation:

There are currently no known outstanding effects for the Transport Act 1981, SCHEDULE 2. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

Section 7.

SCHEDULE 2U.K. Further Provisions with respect to the Constitution and Proceedings of Associated British Ports and Related Matters

PreliminaryU.K.

1U.K.In this Schedule “director” means a director of Associated British Ports.

Remuneration and other paymentsU.K.

2(1)The remuneration and allowances payable to directors by Associated British Ports shall be determined by the Holding Company.U.K.

(2)The payment by Associated British Ports to or in respect of a former director of any pension or compensation for loss of office shall be subject to the approval of the Holding Company.

Resignation and vacation of officeU.K.

3(1)A director may resign his office by notice in writing to Associated British Ports.U.K.

(2)The office of director is vacated if the director—

(a)becomes [F1there is substituted “is the subject of a bankruptcy restrictions order [F2, an interim bankruptcy restrictions order, a debt relief restrictions order or an interim debt relief restrictions order (under Schedule 4ZB of the Insolvency Act 1986)]], or in Scotland has his estate sequestrated F3...; or

(b)becomes of unsound mind; or

(c)is absent from meetings of the directors for a period of more than six months without the permission of the directors.

Proceedings of the directorsU.K.

4(1)Subject to any rules which may be prescribed by the Holding Company, the directors may regulate their own procedure.U.K.

(2)Unless the directors determine otherwise, the quorum necessary for the transaction of business by them is three.

Chairman and deputy chairmanU.K.

5(1)The directors may elect a chairman of their meetings and determine the period for which he is to hold office.U.K.

(2)If the directors elect a chairman they may also elect a deputy chairman and determine the period for which he is to hold office.

Committees of directorsU.K.

6(1)The directors may delegate any of their powers to a committee consisting of one or more directors.U.K.

(2)Subject to any rules which may be prescribed by the directors, such a committee may regulate its own procedure and may elect a chairman of its meetings.

Executive directorsU.K.

7(1)The directors may appoint one or more of their number as executive directors.U.K.

(2)Such an appointment shall be for such period and on such terms as the directors think fit, but shall determine automatically if the person appointed ceases to be a director.

(3)The directors may delegate any of their powers to an executive director on such terms and subject to such restrictions as they think fit.

(4)An appointment as executive director may be revoked at any time by the directors, but without prejudice to any claim for damages for breach of contract.

SecretaryU.K.

8(1)The directors shall appoint a secretary of Associated British Ports on such terms as to remuneration and otherwise as the directors think fit.U.K.

(2)A secretary so appointed may be removed by the directors at any time, but without prejudice to any claim for damages for breach of contract.

9U.K.The fixing of the common seal of Associated British Ports shall be authenticated by the signature of the secretary or some other person authorised by the directors to act for that purpose.

AuditorsU.K.

10(1)The auditors of Associated British Ports shall be appointed by the Holding Company for such period as the Holding Company may determine but, without prejudice to any claim for damages for breach of contract, may be removed by the Holding Company at any time.U.K.

(2)The amounts payable by Associated British Ports to its auditors in respect of remuneration and expenses shall be determined by the Holding Company.

Validity of proceedings notwithstanding formal defectsU.K.

11(1)The validity of proceedings of the directors is not affected by any vacancy among the directors.U.K.

(2)Acts done by the directors, by a committee of directors or by any person acting as director are valid notwithstanding that it is afterwards discovered—

(a)that there was some defect in the appointment of any such director or person acting as director; or

(b)that any such director or person acting as director was disqualified from acting on grounds of interest or had ceased to hold office as director by virtue of paragraph 3(2).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources