Form with which the Directors of a corporation waive the necessity of a first meeting of directors.
The New York Waiver of 1st Meeting of Board of Directors is a legal document that allows a corporation in New York to waive the requirement of conducting an initial meeting of the board of directors. This resolution is typically used when a corporation wants to expedite the decision-making process or when all the directors are in agreement on the matters to be addressed without the need for a formal meeting. The waiver is executed by the directors of the corporation and serves as an alternative to holding an actual meeting. By signing this document, directors acknowledge that they have received all the necessary information and documentation related to the matters to be decided upon and that they waive their right to hold a physical meeting. Some key elements that may be included in the New York Waiver of 1st Meeting of Board of Directors — Corporate Resolutions are: 1. Title: The document is usually titled "Waiver of 1st Meeting of Board of Directors — Corporate Resolutions" or a similar variation. 2. Identification: The resolution should state the name of the corporation and its registered address to clearly identify the entity involved. 3. Directors: The names of all the directors who are waiving the first meeting should be listed, along with their positions within the corporation. 4. Purpose: The resolution may specify the purpose for which the waiver is being granted, such as approving bylaws, electing officers, or any other matter that would typically be addressed at the first board meeting. 5. Acknowledgment: The document should state that each director acknowledges receipt of all relevant information and documentation related to the matters to be decided upon. 6. Waiver of Meeting: This section will include a statement declaring that the directors waive the requirement to hold a physical meeting and give their consent to proceed with making decisions without it. 7. Effective Date: The resolution should specify the effective date of the waiver, which is usually the date it is signed by all directors. It's important to note that variations of the New York Waiver of 1st Meeting of Board of Directors may exist, as some corporations may have specific requirements or choose to include additional provisions based on their unique circumstances.
