Notice Shareholder Consent Form In Contra Costa
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Please tell us as much as you can about what you are looking for, and tell us how we can reach you, including by email. Fill out and send a Request for Judicial Administrative Records form to the Public Information Officer by fax at (925) 608-2658 or by email at: mediainfo@contracostaurts.ca.
Shareholder action taken by written consent is universally recognized as a valid approval by shareholders and this is expressly confirmed by California statute. The 10-day waiting period acts to delay the effectiveness of the action, which hinders a corporation's ability to act with speed and efficiency when necessary.
A Written Consent of Stockholders is an approval of corporate actions by the stockholders of a corporation via a written consent.
Stockholders may act by providing their written consent rather than at a meeting. Taking action by written consent rather than at a formal meeting may be preferrable in corporations, like start-up companies, where the number of stockholders is relatively small and easily identifiable.
Code § 7516. Current through the 2023 Legislative Session. Any action required or permitted to be taken by the members may be taken without a meeting, if all members shall individually or collectively consent in writing to the action.
Examples of changes that may require stockholder approval include increasing or decreasing the number of authorized shares, changing voting requirements or altering dividend policies.
