Companies Law

1. The company’s articles of association may provide for the issuance of shareholder decisions by circulation. In such case, the company's president, manager, or board of directors, as the case may be, shall send to all shareholders the proposed decision along with the relevant documents, the instructions to be followed to approve the decision, and the date set for its issuance. 2. Unless the company’s articles of association provide for other means of notification, the proposed decision and the relevant documents may be sent to shareholders using any of the following means: a) Registered mail. b) Personal delivery to the shareholders or their legal representatives. c) E-mail or other means of technology. 3. The company’s articles of association shall specify the quorum required for the validity of issuing shareholder decisions by circulation.