General Introduction to Chapters 4 and 5 Structure
384.This Chapter sets out requirements for member approval in relation to four different types of transaction by a company:
	long-term service contracts;
	substantial property transactions;
	loans, quasi-loans and credit transactions;
	payments for loss of office.
385.The rules relating to each type of transaction tend to adopt the following structure: they begin with the rule requiring member approval, followed by exceptions to that rule and finally the consequences of breaching that rule.