Revised Laws of Saint Lucia (2021)

42.   Resolution in lieu of meeting

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    (1)   Except where a written statement is submitted by an auditor under section 136—

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      (a)     a resolution in writing signed by such number of members as are entitled to vote on that resolution at a general meeting of members as may be specified in the by-laws is as valid as if it had been passed at a general meeting of the members; and

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      (b)     a resolution in writing dealing with any matter required by this Act to be dealt with at a general meeting of members and signed by all the members entitled to vote at that meeting—

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        (i)     satisfies all the requirements of this Act relating to meetings of members, and

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        (ii)     subject to subsection (2), is effective from the date specified in the resolution.

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    (2)   The effective date of a resolution described in subsection (1)(b)(ii) must not be earlier than the date on which the first member signed the resolution.

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    (3)   A copy of every resolution described in subsection (1) must be kept with the minutes of the meetings of members.