C1Part 13Resolutions and meetings

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Chapter 2Written resolutions

Agreeing to written resolutions

I1296Procedure for signifying agreement to written resolution

1

A member signifies his agreement to a proposed written resolution when the company receives from him (or from someone acting on his behalf) an authenticated document—

a

identifying the resolution to which it relates, and

b

indicating his agreement to the resolution.

2

The document must be sent to the company in hard copy form or in electronic form.

3

A member's agreement to a written resolution, once signified, may not be revoked.

4

A written resolution is passed when the required majority of eligible members have signified their agreement to it.