Part 13Resolutions and meetings

Chapter 2Written resolutions

Circulation of written resolutions

294Expenses of circulation

1

The expenses of the company in complying with section 293 must be paid by the members who requested the circulation of the resolution unless the company resolves otherwise.

2

Unless the company has previously so resolved, it is not bound to comply with that section unless there is deposited with or tendered to it a sum reasonably sufficient to meet its expenses in doing so.