Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 5 - MEETINGS  

PART 5-3 - DIRECTORS ' MEETINGS  

Division 215 - Resolutions and declarations without meetings  

SECTION 215-1   CIRCULATING RESOLUTIONS OF CORPORATION WITH MORE THAN 1 DIRECTOR (REPLACEABLE RULE - SEE SECTION 60-1)  
Resolutions

215-1(1)    
If an Aboriginal and Torres Strait Islander corporation has more than 1 director, the directors of the corporation may pass a resolution without a directors ' meeting being held if all the directors entitled to vote on the resolution sign a document containing a statement that they are in favour of the resolution set out in the document.

Copies

215-1(2)    
Separate copies of a document may be used for signing by directors if the wording of the resolution and statement is identical in each copy.

When the resolution is passed

215-1(3)    
The resolution is passed when the last director signs.

Note:

Passage of a resolution under this section must be recorded in the corporation ' s minute books (see section 220-5 ).





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