Document ID: chunk:federal_register_of_legislation:C2025C00185:section:248g
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 248G
Character Range: 738952–739565

248G  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.

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

Division 1—Resolutions without meetings