16Resolutions without meetings

16 Resolutions without meetings

S. 16(1) amended by No. 87/1995 s. 7(1)(a)(b).

(1) If—

(a) the Corporation has taken reasonable steps to give notice to each member for the time being setting out the terms of a proposed resolution; and

(b) a majority of members for the time being sign a document containing a statement that they are in favour of the resolution in the terms set out in the document—

a resolution in those terms is deemed to have been passed at a meeting of the Corporation held on the day on which the document is signed or, if the members referred to in paragraph (b) do not sign it on the same day, on the day on which the last of those members signs the document.

(2) If a resolution is, under subsection (1), deemed to have been passed at a meeting of the Corporation, each member must as soon as practicable be advised of the matter and given a copy of the resolution.

(3) 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 members, is deemed to constitute one document.