Constitution of committee before first annual general meeting
4 Constitution of committee before first annual general meeting
Until the first annual general meeting of a body corporate, the committee of the body corporate consists of the members of the body corporate, who are taken to be elected committee members.
If a member of the body corporate is a company, the member must appoint an individual to be a committee member in place of the member.
The committee must not exercise a power or perform a function of the body corporate unless authorised to do so by a resolution without dissent of the body corporate recorded in accordance with clause 57.
Each committee member vacates office immediately before the election of committee members at the first annual general meeting.
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