This form is an unanimous written action of board of directors approving agreement.
Both the Model Business Corporation Act and the Revised Model Business Corporation Act provide that acts to be taken at a director's meeting may be taken withou
Connecticut Unanimous Written Action of Board of Directors Approving Agreement is a legal process by which the board members of a Connecticut corporation can give their unanimous approval to a specific agreement or action without the need for a formal meeting. This mechanism is allowed under the Connecticut Business Corporation Act (CBC) Section 33-720. In this type of action, the directors of the corporation communicate their approval and signatures through a written document, typically referred to as the "Unanimous Written Action of Board of Directors." This document serves as a substitute for the need to convene a physical meeting, reducing time and logistical constraints. The Connecticut CBC provides clear guidelines on the requirements for a valid Unanimous Written Action. The document must be signed by all directors, and each director must sign a separate copy of the same document. Alternatively, multiple counterparts can be used, with each director signing a separate counterpart. The document must state the action taken and be filed with the corporation's records. There are several specific types of Unanimous Written Actions that can be taken by the Board of Directors: 1. Unanimous Written Action Approving an Agreement: This type of action is taken when the board needs to give its unanimous approval to a proposed agreement. This could include contracts, partnerships, acquisitions, or any other arrangement requiring board approval. 2. Unanimous Written Action Ratifying Prior Actions: Sometimes, certain actions are taken by individuals or groups within the corporation without proper authorization. In such cases, the board can use a Unanimous Written Action to retrospectively ratify those actions, ensuring their legal validity. 3. Unanimous Written Action for Emergency Decisions: In urgent situations where immediate action is necessary, but board members cannot convene a meeting, this type of Unanimous Written Action can be utilized. It allows the directors to offer unanimous approval for time-sensitive decisions. The Connecticut Unanimous Written Action of Board of Directors Approving Agreement provides flexibility and convenience for Connecticut corporations, allowing directors to make important decisions efficiently, even without physical meetings. It ensures compliance with legal requirements while facilitating the smooth operation of the corporation.
