North Carolina Clauses Relating to Venture Ownership Interests
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How to fill out Clauses Relating To Venture Ownership Interests?
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That, subject to any provision in a corporation's articles of incorporation, shareholders may take any action without a meeting if the holders of outstanding shares, having not less than the minimum number of votes that would be necessary to take that action at a meeting at which all shares entitled to vote thereon ...
(e) If action is taken without a meeting by fewer than all shareholders entitled to vote on the action, the corporation shall give written notice to all shareholders who have not consented to the action and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting with the same ...
Action without meeting. (a) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this Chapter to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by all members of the board.
The following activities, among others, do not constitute transacting business by a foreign entity in North Carolina: Engaging in Litigation. Maintaining or defending any action or suit or any administrative or arbitration proceeding, or effecting the settlement thereof or the settlement of claims or disputes.
A common exception to North Carolina's statutory rape laws is the ?Romeo and Juliet? exception. Named after the star crossed lovers in Shakespeare's play, when teenagers are within four years of age and engage in consensual sexual sex, the older party cannot face statutory rape charges.
(a) A power of attorney terminates when any of the following occur: (1) The principal dies. (2) If the power of attorney is not durable, the principal becomes incapacitated. (3) The principal revokes the power of attorney.
If you are a minority shareholder, you have the right to vote, dissent, and access key documents. These rights give you a say in the selection of corporate directors, the sale of assets outside normal operations, corporate mergers, and share exchanges.
A form of unanimous written consent of the board of directors of a North Carolina corporation to be used when the board takes action without a formal board meeting. This Standard Document has integrated notes with important explanations and drafting tips.