Victorian Consolidated Legislation

State Owned Enterprises Act 1992 - SECT 33

Resolutions without meetings

33. Resolutions without meetings



(1) If the directors of a State business corporation for the time being (other
than a director who is absent from Australia when the other directors sign)
sign a document containing a statement that those directors are in favour of a
resolution in terms set out in the document, a resolution in those terms shall
be 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, on the day on which the last director to sign signs the document.

(2) If a resolution is, under subsection (1), taken to have been passed at a
meeting of the board, each director must be advised as soon as practicable and
given a copy of the terms of the resolution.

(3) For the purposes of subsection (1), two or more separate documents
containing a statement in identical terms, each of which is signed by one or
more directors, shall be taken to constitute one document.