Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The trustees are taken to have passed a resolution at a meeting and may bind the Trust if:
(a) without meeting, a majority of the trustees indicate agreement with the resolution; and
(b) that agreement is indicated in accordance with the method determined by the trustees under subsection (2); and
(c) all the trustees were informed of the proposed resolution, or reasonable efforts were made to inform all the trustees of the proposed resolution.
(2) Subsection (1) applies only if the trustees:
(a) have determined that they may pass resolutions of that kind without meeting; and
(b) have determined the method by which trustees are to indicate agreement with proposed resolutions.