Form with which the Directors of a corporation waive the necessity of an annual meeting of directors.
The Kansas Waiver of Annual Meeting of Board of Directors — Corporate Resolutions is a legal document used by corporations in the state of Kansas to bypass the requirement of holding an annual meeting of the board of directors. The waiver allows the directors to forgo the physical gathering, discussion, and voting in person by signing this document instead. Keywords: Kansas, waiver, annual meeting, board of directors, corporate resolutions. The waiver is designed to provide flexibility for corporations to streamline their administrative processes and save time and resources by eliminating the need for an actual in-person meeting. Instead, the directors can consent to resolutions and other corporate matters through the signing of this waiver, provided there is unanimous agreement amongst all directors. There may be different types of waivers available under the Kansas law for corporate resolutions. These may include the following: 1. Waiver of Annual Meeting: This type of waiver specifically pertains to the annual meeting of the board of directors. It allows the directors to waive the requirement of holding a physical meeting and instead resolve corporate matters through this document. 2. Limited Waiver: In certain cases, the board of directors may opt for a limited waiver, meaning that only specific matters would be addressed and resolved through the waiver, while other matters may still require a physical meeting. 3. Unanimous Written Consent: Another type of waiver could be the unanimous written consent of the directors. This type of waiver allows the board to make decisions and resolutions without having to gather or sign a separate waiver document. It is important to note that each corporation and its legal counsel should review the specific requirements and regulations under the Kansas law to ensure the validity and compliance of the waiver. Consulting with an attorney specializing in corporate law is highly recommended drafting and execute the waiver correctly.
