Form with which the stockholders of a corporation waive the necessity of a first meeting of stockholders.
Annual Meeting Resolutions With Manager In Virginia
State:
Multi-State
Control #:
US-0022-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
§ 13.1-564. Unlawful cancellation of franchise; undue influence. It shall be unlawful for a franchisor to cancel a franchise without reasonable cause or to use undue influence to induce a franchisee to surrender any right given to him by any provision contained in the franchise.
General standards of conduct for director. A. A director shall discharge his duties as a director, including his duties as a member of a committee, in ance with his good faith business judgment of the best interests of the corporation.
Each Virginia corporation and foreign corporation authorized to do business in Virginia must file an Annual Report with the Office of the Clerk every year. The report is due annually by the last day of the 12th month after the entity was incorporated or issued a certificate of authority.
§ 13.1-871. For purposes of subdivision A 1, a conflict of interests transaction is authorized, approved, or ratified if it receives the affirmative vote of a majority of the disinterested directors on the board of directors, or on the committee.
Any person, whether or not then a director, may provide that a consent to action as a director shall be effective at a future time, including the time when an event occurs, but such future time shall not be more than 60 days after such provision is made.
Unless otherwise provided in the articles of incorporation, a written demand for a special meeting may be revoked by a writing, including an electronic transmission, to that effect received by the corporation's secretary before the start of the special meeting.
The following are Virginia's requirements for directors of corporations: Minimum number. Corporations must have one or more directors. Residence requirements. Virginia does not have a provision specifying where directors must reside. Age requirements. Inclusion in the Articles of Incorporation.
Distributions to shareholders. A. The board of directors may authorize and the corporation may make distributions to its shareholders, subject to restriction by the articles of incorporation and the limitation in subsection C.
You will need at least one, but can have more than one. Directors make up the governing body of your nonprofit corporation and are stakeholders in your organization's purpose and success. You'll want to identify three, unrelated individuals to meet IRS requirements.
