Article 72 - Directors Meetings and Written Resolutions
(1) Save in the case of an Investment Club with a sole director, meetings of the directors shall be held as often as is necessary for the conduct of the affairs of the Investment Club.
(2) Subject as provided in the articles of association of the Investment Club, each director shall be entitled to one vote and decisions must be made by majority vote.
(3) A meeting of the directors of an Investment Club, or any committee thereof, may be effected by a resolution in writing signed by all the directors or all the members of the committee.
|Derived (as from 20th December 2016).|