Commonwealth Consolidated Acts

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Passing of directors' resolutions (replaceable rule see section 135)

             (1)  A resolution of the directors must be passed by a majority of the votes cast by directors entitled to vote on the resolution.

             (2)  The chair has a casting vote if necessary in addition to any vote they have in their capacity as a director.

Note:          The chair may be precluded from voting, for example, by a conflict of interest.

Note:       This Part does not apply to a CCIV or its members. Instead, section 1228A applies a modified version of Part 2G.4.

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