These excerpts taken from the BP 6-K filed May 22, 2008.
Retention of Records
50 (A) The Company shall be entitled to destroy:
(i) all instruments of transfer of shares which have been registered, and all other documents on the basis of which any entry is made in the register, at any time after the expiration of six years from the date of registration or entry;
(ii) all dividend mandates, variations or cancellations of dividend mandates, and notifications of change of address at any time after the expiration of two years from the date of recording the matters in such document;
(iii) all share certificates which have been cancelled at any time after the expiration of one year from the date of the cancellation;
(iv) all paid dividend warrants and cheques at any time after the expiration of one year from the date of actual payment;
(v) all proxy appointments which have been used for the purpose of a poll at any time after the expiration of one year from the date of use; and
(vi) all proxy appointments which have not been used for the purpose of a poll at any time after one month from the end of the meeting to which the proxy appointment relates and at which no poll was demanded.
(B) It shall conclusively be presumed in favour of the Company that:
(i) every entry in the register purporting to have been made on the basis of an instrument of transfer or other document destroyed in accordance with paragraph (A) above was duly and properly made;
(ii) every instrument of transfer destroyed in accordance with paragraph (A) above was a valid and effective instrument duly and properly registered;
(iii) every share certificate destroyed in accordance with paragraph (A) above was a valid and effective certificate duly and properly cancelled; and
(iv) every other document destroyed in accordance with paragraph (A) above was a valid and effective document in accordance with its recorded particulars in the books or records of the Company,
(a) the provisions of this Article 50 apply only to the destruction of a document in good faith and without notice of any claim (regardless of the parties) to which the document might be relevant;
(b) nothing in this Article 50 shall be construed as imposing on the Company any liability in respect of the destruction of any document earlier than the time specified in paragraph (A) above or in any other circumstances which would not attach to the Company in the absence of this Article 50; and
(c) any reference in this Article 50 to the destruction of any document includes a reference to its disposal in any manner or deletion.
50 (A) The