Section 248B — Corporations Act 2001: 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).