Alabama Waiver of Special Meeting of Board of Directors - Corporate Resolutions

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This is a Business Credit Application for an individual seeking to obtain credit for a purchase from a business. It includes provisions for re-payment with interest, default provisions, disclaimer of warranties by the Seller and retention of title for goods sold on credit by the Seller.

The Alabama Waiver of Special Meeting of Board of Directors is a legal document that allows the board of directors of a corporation in Alabama to waive the requirement of holding a physical or special meeting, and instead make decisions or resolutions through a written consent. When a situation arises that requires the board of directors to make a decision or take action, such as approving significant transactions, hiring key personnel, or entering into contracts, a special meeting is typically called. However, in certain circumstances, convening a physical meeting can be time-consuming and impractical, especially when board members are geographically dispersed or in case of urgent matters. The Alabama Waiver of Special Meeting of Board of Directors — Corporate Resolutions provides a convenient alternative to physically gathering the board members by allowing them to take action through written consent. This document must be signed by all members of the board in order to be valid. Key elements that are typically included in the waiver of special meeting document are: 1. Identification of the corporation: The legal name of the corporation is stated at the beginning of the document, along with any relevant details such as its registered address. 2. Waiver of special meetings: The document clearly states that the board of directors agrees to waive the requirement of convening a special meeting, as allowed by the Alabama law and the corporation's bylaws. 3. Purpose of the waiver: The specific reason for waiving the special meeting should be clearly stated. This could be to approve a certain resolution, authorize an action, or make a decision regarding a specific matter. 4. Resolutions to be adopted: The exact resolutions or actions that the board intends to adopt and implement through the written consent should be listed. This ensures that all board members are aware of the decisions being made. 5. Signatures and dates: The document ends with spaces for the signatures of each board member and the date they signed. There are no specific types of Alabama Waiver of Special Meeting of Board of Directors — Corporate Resolutions mentioned. However, the content of the document may vary depending on the specific circumstances and actions being taken by the board of directors.

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FAQ

Those calling the special meeting must give notice thereof, in writing, stating the time, place and purpose of the meeting to the remaining Board members by mail at least 48 hours before the meeting, or by personal service at least 24 hours before the meeting.

As you complete your notice of meeting, you will need to include the following information:Meeting type (e.g. regular, annual, special, or other)Meeting participants (e.g. shareholders, board of directors, members, board of managers, or others)Meeting date and time.Location.Any dial-in telephone number for attendance.More items...

The bylaws should spell out how to prepare notices for regular meetings and give timelines for mailing or posting them. Unless instructions in the bylaws state differently, regular meeting notices should be mailed or posted at least two weeks prior to the meeting.

"Special meetings" of the board can be held between regular meetings to conduct business that cannot wait until the next regularly scheduled board meeting. Boards are required to give notice of special meetings and allow member attendance at such meetings.

Typically either the president or a majority vote of the board (or both) can call a special meeting. You need to give proper notice to members and, of course, you need a quorum to do business. The procedure should be spelled out in your bylaws.

In addition to specifying the date, time, and location of the meeting, special meeting notices should make note of all agenda items. Unless the bylaws indicate something different, board members should only be discussing the business that was stated in the notice for the special meeting.

A waiver of notice is a legal document that states a board member agrees to waive the formal notice, and it must be signed by the board member. Organizations will have different rules based on the type of meeting, such as the first meeting, special meetings, emergency meetings, and executive sessions.

What is a Waiver of Notice? A waiver of notice is an agreement that allows people to conduct certain legal procedures without giving formal notification that he or she is going to do so.

If there's not enough time for a formal meeting notice, directors can opt to sign a waiver and hold the meeting without notice. The waiver ensures that all directors agree to hold the meeting and abide by the actions that take place.

More info

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Alabama Waiver of Special Meeting of Board of Directors - Corporate Resolutions