Form Overview
The Written Consent of Shareholders in Lieu of First Meeting of the Shareholders of the Corporation contains three simple resolutions. The first resolution elects the board of directors. The second resolution ratifies the resolutions of the board of directors in their first meeting (or as set forth in the Unanimous Consent of the Board of Directors in Lieu of a First Meeting). The third resolution establishes an effective date for the consent. If the adoption of these resolutions is not unanimous, the minority shareholders not participating must be advised within the period prescribed by law. These issues are subject to state law and you will want to consult with local counsel before finalizing your first draft. You can find answers to your questions using our extensive library of
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