special resolution

  

Definition

Extraordinary resolution regarding an important decision, such as for altering the terms of the articles of association or the memorandum of association, or making some other major or fundamental changes in an organization. A special resolution typically requires (1) not less than 21 days notice to the members of the intention to propose the resolution, (2) not less than three-fourth of the votes of the members present in person or by proxy for approval, and (3) to be filed with the competent authority (such as the registrar of companies in the UK), within 15 days of being approved.

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