Mississippi Removal of two directors

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

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

The powers of the board to remove a director are limited to removals on the basis of a closed list of grounds, including ineligibility to serve as a director, disqualification, incapacity and negligence or derelict performance of their duties (see section 71(3) of the Companies Act).

Removing a board member usually requires a two-thirds vote, but some bylaws may also require a trial to remove a member. In some cases, a board will change its bylaws for the express purpose of removing a board member who refuses to resign.

The board of directors for a nonprofit organization can be changed through a vote by the members or through a change in the bylaws. If the bylaws do not specify how board members can be removed or replaced, then the members can vote to change the board.

In most bylaws, it requires either a majority of board members to vote yes, but some require ? of board members to vote yes. If enough board members vote to remove this person, then the person is officially removed from your board.

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Mississippi Removal of two directors