Eligible person" means individuals, corporations, trusts, the estates of deceased individuals, partnerships and unincorporated associations of persons;
"memorandum" means this memorandum of association of company;
"registrar" means the registrar of corporate affairs appointed under section 229 of the act;
"resolution of directors" mean either:
(a) a resolution approved at a duly convened and constituted meeting of directors of the company or of a committee of directors of the company by the affirmative vote of a majority of the directors present at the meeting who voted except that where a director is given more than one vote, he shall be counted by the number of votes he casts for the purpose of establishing a majority ; or
(b) a resolution consented to in writing by the majority of directors or by the majority of members of a committee of directors of the company, as the case may be;