Article 71 - Resolutions in Writing of Members
(1) Anything which may be done by any kind of resolution of a meeting of the Members of an Investment Club, or any class thereof, may be effected, without a meeting and without any previous notice being required, by resolution in writing signed by all the Members entitled at the date of the resolution to attend and vote at such a meeting.
(2) Each of the signatures of such written resolution need not be on a single Document provided each is on a Document which accurately states the terms of the resolution.
(3) The date of the resolution means the date on which the resolution is signed by or on behalf of the last Member to sign.
(4) A written resolution signed in accordance with this Article is valid and effective as if it was passed at a general meeting of the Members or at a meeting of the relevant class of Members of the Investment Club.
|Derived (as from 20th December 2016).|