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Unanimous resolution means a resolution which is unanimously passed at a duly convened general meeting of a body corporate at which all persons entitled to exercise the powers of voting conferred by or under this Act are present personally or by proxy or vote in writing at the time of the motion. Sample 1. Sample 2.
Shareholder action by written consent refers to corporate shareholders' right to act by written consent instead of a meeting. This type of consent avoids some of the negative characteristics of shareholder meetings.
A form of written consent to be used when the board of managers of a limited liability company (LLC) is taking action to authorize the LLC to enter into a loan transaction without a formal meeting. This Standard Document has integrated notes with important explanations and drafting tips.
Unanimous Written Consent means a written consent executed by at least one representative of each Member.
What is a Unanimous Consent Agreement? A Unanimous Consent Agreement allows you to record official actions of the directors and/or shareholders of a corporation that were taken by unanimous consent, rather than as part of a formal meeting.