Document ID: chunk:federal_register_of_legislation:C2025C00185:section:248b
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 248B
Character Range: 736449–737183

248B  Resolutions and declarations of 1 director proprietary companies

Resolutions
 (1) The director of a proprietary company that has only 1 director may pass a resolution by recording it and signing the record.

Declarations
 (2) The director of a proprietary company that has only 1 director may make a declaration by recording it and signing the record. Recording and signing the declaration satisfies any requirement in this Act that the declaration be made at a directors' meeting.
Note 1: For directors' declarations, see sections 295 and 494.
Note 2: Passage of a resolution or the making of a declaration under this section must be recorded in the company's minute books (see section 251A).

Division 2—Directors' meetings