THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES

Division 1 - Resolutions without meetings

SECTION 249B   RESOLUTIONS OF 1 MEMBER COMPANIES  

249B(1)  [Recording and signing]  

A company that has only 1 member may pass a resolution by the member recording it and signing the record.

249B(2)  [Lodgment]  

If this Law requires information or a document relating to the resolution to be lodged with ASIC, that requirement is satisfied by lodging the information or document with the resolution that is passed.

Note 1:

A body corporate representative may sign such a resolution (see section 250D).

Note 2:

Passage of a resolution under this section must be recorded in the company's minute books (see section 251A).