extraordinary resolution definition

extraordinary resolution

Company resolution that usually does not require any notice of its proposal, but must be passed by a majority of at least three quarters (two-thirds in some jurisdictions) of the votes cast. It is called a special resolution if a prior notice (usually of 21 days) is required for its proposal.

extraordinary resolution is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.

extraordinary resolution appears in the definitions of the following terms: special resolution, resolution and voluntary winding up

This content can be found on the following page:

http://www.businessdictionary.com/definition/extraordinary-resolution.html