Maine Removal of two directors

State:
Multi-State
Control #:
US-CC-14-200-2
Format:
Word; 
Rich Text
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Description

This is a Removal of Two Directors form, to be used across the United States. This form serves as a way to remove certain Directors from their position as Director, for a number of reasons. Please modify the form to fit your own specific needs.
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How to fill out Removal Of Two Directors?

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FAQ

Many governing documents provide that an officer may be removed by a majority vote of the board members, but that an elected board member may only be removed with a vote of the association membership.

Can My Board Hire or Fire an Employee or Tell Me Who to Hire or Fire? The board is responsible for hiring, evaluating, and, if needed, firing the executive director (ED). Though not illegal, the board should not be involved in hiring, evaluating or firing any other employee.

You can't exclude a director from a board meeting. They can't vote if there is a conflict of interest but they can attend unless they have been suspended pending disciplinary action.

If the shareholders of a public company want to remove a director, they must first give notice of their intention. Shareholders must make this notice to move a resolution for a director's removal at least two months before the shareholders meeting. Shareholders must also give the director notice as soon as practicable.

How do you remove a director from a company? In many companies, the power to remove a director from office is granted to the board of directors or to a majority of the shareholders under the company's articles of association.

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Maine Removal of two directors