New Zealand Legislation: Acts

9 Resolution in lieu of meeting

• Section 122 is amended by repealing subsection (5) and substituting the following subsection:

  • “(5) Within 5 working days of a resolution being passed under this section, the company must send to every shareholder who did not sign the resolution or on whose behalf the resolution was not signed,—

    • “(a) a copy of the resolution; and

    • “(b) if the resolution was a special resolution required by section 106(1)(a) or (b), a statement setting out the rights of shareholders under section 110.”