Important condominium decisions such as enacting or amending bylaws, or selling or leasing common property require that a Special Resolution be adopted by a majority vote of the unit owners at a properly convened General Meeting. A majority constitutes not less than 75% of all unit owners entitled to vote and the votes must also represent at least 75% of the total unit factors.
a resolution passed by a majority in number and at least three-fourths in value of the creditors present personally, by telephone, by attorney or by proxy at a meeting of creditors and voting on the resolution.
a resolution adopted by more than two-thirds of the votes cast in person or by proxy at a general meeting at which shareholders representing more than two-thirds of the voting rights of all shares carrying the right to vote are present
All major decisions affecting a company must be passed at a General meeting as a special resolution. This would cover activities such as a merger with another company, or a takover, or a voluntary liquidation.
a resolution passed at a properly convened general meeting of the strata corporation
A resolution that requires at least 75% of votes. Some affairs of the company are required to pass by a special resolution at an EGM, either as a requirement set by its articles of association or by Companies Ordinance.
Most company business is decided by voting on special resolutions for which 75 per cent of the members present (or proxies) must be in favour.
A resolution decided by a majority in number and three-fourths in value of the creditors with proven claims present, personally or by proxy, at a meeting of creditors and voting on the resolution.
a resolution that is submitted to a meeting of the co-op or a meeting of the directors and passed at the meeting by more than a simple majority of members. The percentage of required votes is different for each province and territory. In some, the resolution will pass with at least 2/3 of the votes cast, while in others the resolution will only pass with at least 3/4 of the votes cast.
a resolution requiring a majority of three quarters of those voting in favour. Used for particular types of resolution as set out in legislation eg a change of name or alteration to the articles.
A resolution passed by a 75% majority of members present at a general meeting measured by the nominal value of the shares on a poll.
A shareholders’ resolution at an Annual General Meeting or Extraordinary General Meeting which requires a 75% majority of votes cast in order to be approved. Special resolutions are usually matters of importance for the company and include, for example, a resolution to wind up the company. Where a special resolution is to be discussed, 21 days notice will usually need to be given of the meeting. See also Ordinary Resolution.