I have been trying to find out the answer to this question. I sit on a board of directors of a company that is limited by guarantee. At our last board meeting our treasurer resigned. The question is : As our accounts are done by an external accountant, do we have to appoint a new treasurer? Is it a legal requirement that we must have one ?

Reviewing our mem's and art's we felt that there is an error. The section reads.

37. The trustees may appoint a person who is willing to act to be a trustee either to fill a vacancy or as an additional trustee provided that the appointment does not cause the number of trustees to exceed any number fixed by or in accordance with the Articles as the maximum number of any trustees. A trustee so appointed shall hold office only until the next following annual general meeting and shall not be taken into account in determining the trustees who are to retire by rotation at the meeting. If reappointed at such annual general meeting, he shall vacate office at the conclusion thereof.

I think it should read "If NOT reappointed at such annual general meeting, he shall vacate office at the conclusion thereof."

Is someone able to give an opinion or explain the meaning of the wording.