---
title: What to do if you have lost a Company Constitution?
description: Shareholders to update a company constitution with a simple resolution.
---

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# What to do if you have lost a Company Constitution?

## Shareholders to update a company constitution with a simple resolution.

Generally if a constituent document such as a Discretionary or SMSF Trust Deed is lost you would need to do a Deed of Lost Deed.  On that it is a good idea to go to all your clients and ensure they all have copies of their Deeds. A lost Deed can create significant problems in divorce, death and even getting a bank loan.

However for companies, section 137 of the *Corporations Act 2001* allows the shareholders to update a company constitution with a simple resolution.  This is a good idea anyway as our constitution enables the use of the Successor Director.  To upgrade you can access the **Upgrade to LightYear Docs Standard Company** document, once you are logged in to your account and click on the Document Wizard in Templates / Company / Variation, Upgrades and Admins / Standard Companies folder or simply search the file name.

 

*Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact LY Legal through the Surge App.*

*Last Reviewed: 08/08/2025*

*Last Updated: 08/08/2025*

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