sec.435Resolutions without meetings

### sec.435 Resolutions without meetings If at least a majority of directors sign a document containing a statement that they are in favour of a resolution stated in the document, a resolution in those terms is taken to have been passed at a meeting of the board held— on the day on which the document is signed; or if the directors do not sign it on the same day, the day on which the last of the directors constituting the majority signs the document. If a resolution is, under subsection (1) , taken to have been passed at a meeting of the board, each director must immediately be advised of the matter and given a copy of the terms of the resolution. For subsection (1) , 2 or more separate documents containing a statement in identical terms, each of which is signed by 1 or more directors, are taken to constitute a single document. (sec.435-ssec.1) If at least a majority of directors sign a document containing a statement that they are in favour of a resolution stated in the document, a resolution in those terms is taken to have been passed at a meeting of the board held— on the day on which the document is signed; or if the directors do not sign it on the same day, the day on which the last of the directors constituting the majority signs the document. (sec.435-ssec.2) If a resolution is, under subsection (1) , taken to have been passed at a meeting of the board, each director must immediately be advised of the matter and given a copy of the terms of the resolution. (sec.435-ssec.3) For subsection (1) , 2 or more separate documents containing a statement in identical terms, each of which is signed by 1 or more directors, are taken to constitute a single document. - (a) on the day on which the document is signed; or - (b) if the directors do not sign it on the same day, the day on which the last of the directors constituting the majority signs the document.