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Legal Phrases
Term: elective resolution
1.
A resolution requiring 100% of the votes of all the shareholders entitled to attend and vote at the meeting in person or by proxy.
Usage: The shareholders voted by elective resolution to dispense until the laying of accounts and reports before the shareholders in general meeting.
Related Words: ordinary resolution; board resolution; special resolution; annual general meeting; extraordinary general meeting; written resolution; shareholders; company; directors.
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