Resolutions without meetings
19 Resolutions without meetings
If a majority of the directors of the board (other than a director who is absent from Australia when the other directors sign) sign a document containing a statement that they are in favour of a resolution in the terms set out in the document, a resolution in those terms is taken to have been passed at a meeting of the board held—
on the day on which the document is signed; or
if the directors do not sign the document on the same day, on the day on which the last director to sign signs the document.
If a resolution is taken under subsection (1) to have been passed at a meeting of the board, each director must be—
advised as soon as practicable; and
given a copy of the terms of the resolution.
For the purposes of subsection (1), 2 or more separate documents containing a statement in identical terms, each of which is signed by one or more directors, are taken to constitute one document.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.