Meetings of members

(1) Subject to any limitations in the Memorandum or Articles, the directors of a company incorporated under this Act may convene meetings of the members of the company at such times and in such manner and places within or outside Belize as the directors consider necessary, desirable or as may be required pursuant to the Economic Substance Act. CAP. 273:01. (2) Subject to a provision in the Memorandum or Articles for a lesser percentage, upon the written request of members holding more than fifty per cent of the votes of the outstanding voting shares in the company, the directors shall convene a (3) Subject to any limitations in the Memorandum or Articles, a member shall be deemed to be present at a meeting of members if– (a) he participates by telephone, teleconference or other electronic means; and (b) all members participating in the meeting are able to hear each other. 60 (4) A member may be represented at a meeting of members by a proxy who may speak and vote on behalf of the member. (5) The following apply in respect of joint ownership of (a) if two or more persons hold shares jointly, each of them may be present in person or by proxy at a meeting of members and may speak as a member; (b) if only one of them is present in person or by proxy, he may vote on behalf of all of them; and (c) if two or more are present in person or by proxy, they must vote as one.