Part 13Resolutions and meetings

Chapter 2Written resolutions

Circulation of written resolutions

294Expenses of circulation

(1)

The expenses of the company in complying with section 293 must be paid by the members who requested the circulation of the resolution unless the company resolves otherwise.

(2)

Unless the company has previously so resolved, it is not bound to comply with that section unless there is deposited with or tendered to it a sum reasonably sufficient to meet its expenses in doing so.