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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Producer Company Board Must Use AGM Resolutions for Key Decisions: Budget, Bonuses, Loans, Transactions (Section Specific)</h1> The Board of directors of a Producer Company must exercise specific powers only through resolutions passed at the annual general meeting of its members. These powers include approving the budget and adopting annual accounts, approving patronage bonuses, issuing bonus shares, declaring limited returns and deciding on patronage distribution, specifying conditions and limits for loans to directors, and approving certain transactions reserved for member approval as outlined in the company's articles.
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