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 Without In North Carolina
State:
Multi-State
Control #:
US-0016-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
A Shareholders' Consent to Action Without Meeting, or a consent resolution, is a written statement that describes and validates a course of action taken by the shareholders of a particular corporation without a meeting having to take place between directors and/or shareholders.
What is "Consent to Action Without Meeting"? Consent to Action Without Meeting is a written document describing an action that has been authorized by the board of directors of a corporation.
Taking an action without a meeting is conducting a vote without holding a meeting, such as by return ballot or by petition. If the vote passes, then the action (the subject of the vote) was taken without a meeting. In today's world, taking action without a meeting is an important and often-used tool.
If the required number of votes is achieved, the resolution is passed, and the decision is legally binding.
“Written Consent in Lieu of Meeting” is a legal mechanism that allows the board of directors, shareholders, or members of an organization to make a decision or approve a resolution without actually convening a physical or virtual meeting.
You do not always need to have a meeting to pass a resolution. If enough shareholders or directors have told you they agree, you can usually confirm the resolution in writing. You must write to all shareholders letting them know about the outcome of a resolution.
A shareholders' resolution can either be passed during a formal meeting of the shareholders or in writing (without holding an actual meeting). Regardless of the method, the resolutions must be passed in ance with certain statutory, and possibly contractual, requirements.
Examples of changes that may require stockholder approval include increasing or decreasing the number of authorized shares, changing voting requirements or altering dividend policies.
There are two main types of shareholders' resolution: 'ordinary' and 'special'. An ordinary resolution is passed by a simple majority of members, while a special resolution requires not less than 75% of the total voting rights of eligible members.
By having all of the shareholders record and sign their decision. If a meeting is held, an ordinary resolution must be passed by a majority of the votes cast by shareholders of the company entitled to vote on the resolution at the meeting in person or by proxy (if proxies are allowed).
