Extraordinary Resolution Law and Legal Definition
In corporate law, an extraordinary resolution, also called a special resolution, is a resolution passed by the shareholders of a company by a larger majority than is required to pass an ordinary resolution. Often, 75 percent of the voters will be required instead of a bare majority. It may be required in situations like declaring the company insolvent, or taking other major action. Laws vary by jurisdiction, so local law should be consulted.
Legal Definition list
Related Legal Terms
- Address Resolution Protocol
- Address Resolution Protocol
- Alternative Dispute Resolution
- Alternative Dispute Resolution Arbitration
- Alternative Dispute Resolution Mediation Law
- Alternative Dispute Resolution Procedures (Family Law)
- Alternative Means of Dispute Resolution
- Awards [Securities Dispute Resolution]
- Borrowing Resolution
- Center for Mediation and Conflict Resolution [USIP]
