151Resolutions without meetings

151 Resolutions without meetings (1) If the directors for the time being of a Transport Corporation (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 deemed to have been passed at a meeting of the board of directors held— (a) on the day on which the document is signed; or (b) 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. (2) If a resolution is deemed under subsection (1) to have been passed at a meeting of the board of directors, each director must be— (a) advised as soon as practicable; and (b) given a copy of the terms 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 directors, are deemed to constitute one document. Pt 6 Div. 4 Subdiv. 3 (Heading and ss 151A−151C) inserted by No. 34/2023 s. 84.