For Founders Law

Special resolution

Also called two-thirds vote, shareholder special resolution

A shareholder decision passed by at least two thirds of the votes cast, or signed in writing by all shareholders entitled to vote. Corporate statutes require one for major changes such as amending the articles.

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Related terms

Sources

  1. Ontario Business Corporations Act, s. 1(1) (definition of special resolution)
  2. Canada Business Corporations Act, s. 2(1)

General information about Ontario and Canadian law, not legal advice. All terms