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Section 485 of the Michigan Business Corporation Act states that "a corporation shall keep books and records of accounts and minutes of proceedings of its shareholders, board, and executive committee, if any".
For instance, let's say, ?A? dies, and his estate is to be distributed among his heirs. The probate court must issue a public notice about the proceeding. However, if those having an interest in A's assets consent to waive the notice, the court can begin the proceedings without issuing any notice regarding the will.
A waiver of notice is a written acknowledgment from people eligible to attend a company meeting stating that they are giving up their right to receive formal notice of the meeting.
The phrase "Your short notice has been waived off" means that the requirement for providing a notification within a limited timeframe has been canceled or disregarded. The person or organization who requested the notice is no longer expecting or requiring it.
Corporations that don't consistently hold annual meetings may need to hold one without notice. The waiver of notice form is needed in order to document that all stockholders agree to the actions taken during the meeting, even though they may not have been present during it.
What is a Notice of Meeting? A Notice of Meeting informs a company's shareholders, directors, or other interested parties of the time, date, and place of a corporate meeting. This document can be attached to the minutes of a meeting and can be used as evidence that notice was provided.
554.134 Termination of estate at will or by sufferance or tenancy from year to year. Sec. 34. (1) Except as provided otherwise in this section, an estate at will or by sufferance may be terminated by either party by giving 1 month's notice to the other party.