Colorado Action by Unanimous Written Consent of the Shareholders to Approve Organizational Statement, Elect Officers, Approve Corporate Seal, Approve Shareholder Certificate, Approve Corporate Bank Account, and Authorize Payment of Organizational Expenses
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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.
Written consent is generally used to avoid meetings in the first place and occur when members sign a document. Whereas unanimous consent happens during board meetings when voting members are physically present.
The unanimous consent process is designed for boards to be able to quickly and conveniently approve board matters without having to round up the board directors, ensure they have a quorum and hold a formal vote.
The advantage of acting by unanimous consent is that the Board can take care of routine, uncontroversial actions quickly ? such as authorizing a small expenditure or scheduling a community event ? without waiting until the next regular meeting or having to arrange and publicize a special meeting.
Taking into consideration that written consents are required to be unanimous, third parties can be assured that boards performed their due diligence in documenting that the board solidly supported a specific action.
Include a sentence that states that the following persons (the directors) unanimously agree to the adoption of the following resolutions. Describe the motion that you wish to seek consent for.
Shareholders at shareholders' meetings and board members at directors' meetings make decisions called corporate resolutions. If all participants understand the subject contents and are completely in agreement, the secretary prepares a Unanimous Written Consent document that expresses the issue and decision in detail.
Unanimous consent is often used to expedite proceedings by eliminating the need for formal votes. Typically, an action is permitted if no stakeholder objects, however, if anyone objects, then the action is rejected, and a voting meeting will likely be required.