248F
In forceQuorum at directors’ meetings (replaceable rule see section 135)
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2GMeetings
Part 2G.1Directors’ meetings
Division 2Directors’ meetings
248F Quorum at directors’ meetings (replaceable rule see section 135)
Unless the directors determine otherwise, the quorum for a directors’ meeting is 2 directors and the quorum must be present at all times during the meeting.
Note 1:
For special quorum rules for public companies, see section 195.
Note 2:
For resolutions of 1 director proprietary companies without meetings, see section 248B.
This Act’s bill:Explanatory memorandumSecond reading speech
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