Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of the first stockholder's meeting.
Stockholders Meeting Resolution With Delivery Proof* In North Carolina
State:
Multi-State
Control #:
US-0016-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
A resolution is a legally binding agreement or decision made by company members or directors. The outcome of a resolution is determined by the votes cast for and against the decision. If the required majority is reached, the resolution is 'passed'.
Resolutions are typically proposed and passed during formal meetings such as the Annual General Meeting (AGM). However, companies also have the option to pass resolutions in writing. Written resolutions are typically used when directors and shareholders are unable to meet in person for any reason.
A resolution in lieu of a meeting is a written resolution (signed by all shareholders who are entitled to vote at the meeting) that deals with all matters that need to be addressed at a shareholders' meeting. This resolution is just as valid as it would be if passed at a meeting of shareholders.
Resolutions can be passed by directors without holding a directors' meeting. These are called circulating resolutions. Check the rule book to see how this can be done. All directors entitled to vote on the resolution must sign a statement that says they are in favour of the resolution set out in the document.
At a meeting, resolutions will usually be passed by a simple majority of those present and voting, and written resolutions typically require unanimous approval, but this is subject to any special terms contained in the constitutional documents which may set a different threshold.
What should shareholder resolutions include? Your corporation's name. Date, time and location of meeting. Statement that all shareholders agree to the resolution. Confirmation of the necessary quorum for business to be conducted. Names of shareholders present or voting by proxy. Number of shares for each voting shareholder.
Three forms of resolutions are available: ordinary resolution, special resolution and unanimous resolution. There is no concept of special resolution in board meetings and very few unanimous resolutions are also required. However, all three are covered in the case of general meetings.
(1) Anything that may be done by a resolution of a company in general meeting may be done, without a meeting and without any previous notice being required, by a written resolution of the members of the company.
A company organizes a general meeting of shareholders to debate and resolve important business matters. Here are some key facts about general meetings. The general meeting is essential to a company's governance. It is the most important corporate event of the year for shareholders.
