43Special resolutions (CNL ss238–241)

43 Special resolutions (CNL ss238–241)

43 Special resolutions (CNL ss238–241)

(1) A special resolution is a resolution that is passed:

(a) by a two-thirds majority at a general meeting; or

(b) by a two-thirds majority in a postal ballot (other than a special postal ballot) of members; or

(c) by a three-quarters majority in a special postal ballot of members.

(2) A notice of special resolution is required to be given to members at least 21 days before the vote or ballot time (or 28 days notice in the case of a special postal ballot).

(3) The notice of special resolution must state:

(a) the intention to propose the special resolution; and

(b) the reasons for proposing the special resolution; and

(c) the effect of the special resolution being passed.

Note—

Voting majorities for ordinary and special resolutions and special postal ballots are defined in the Law along with how a majority is counted and the requirements for registration of special resolutions.