(1) If all the members
of a co-operative have signed a document that sets out the terms of a
resolution and contains a statement that they are in favour of the resolution,
the resolution is taken to have been passed at a general meeting of the
co-operative.
(2) The meeting is
taken to have been held —
(a) if
all the members signed the document on the one day, on that day and at the
time the document was signed by the last member to sign; or
(b) if
the members signed the document on different days, on the day, and at the
time, the document was signed by the last member to sign.
(3) The document need
not exist as a single document, but may exist in the form of 2 or more
documents in identical terms.
(4) The document is
taken to constitute a minute of the general meeting.
(5) Anything attached
to the document and signed by the members signing the document is taken to
have been laid before the co-operative at the general meeting.
(6) The document is
signed by all members of a co-operative only if the document is signed by each
person who was a member of the co-operative at the time the document was
signed by the last member to sign.
(7) Nothing in this
section affects or limits any rule of law about the effectiveness of the
assent of a member of a co-operative given to a document, or to an act, matter
or thing, otherwise than at a general meeting of the co-operative.