All resolutions shall be passed at general meetings and are not effective unless so passed, but in the case of a private company a written resolution signed by all the members entitled to attend and vote are as valid and effective as if passed in a general meeting.
Companies and Allied Matters Act 2020 · Part B · Chapter 10
Section 259 Written resolutions
Cite as: Companies and Allied Matters Act 2020, section 259
What this section means
From the guide: Ordinary, special and written resolutions under CAMA 2020
- A private company can also pass a written resolution signed by all members entitled to attend and vote (section 259).
- Section 259 says all resolutions must be passed at general meetings and are not effective otherwise.
Read the whole subject
Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.