Florida Corporation — Consent by Shareholders refers to a legal process allowing shareholders of a corporation in the state of Florida to provide their consent or approval for certain corporate actions or decisions without the need for a formal meeting. This consent is granted through a written or electronic document that is signed by the shareholders holding the majority of the voting power or shares in the corporation, expressing their agreement or consent. This mechanism is governed by the Florida Business Corporation Act, which sets out the rules and procedures for obtaining shareholder consent. It is important to note that this process is only applicable for certain actions that require shareholder approval, as outlined in the corporation's bylaws, articles of incorporation, or under Florida law. The purpose of obtaining shareholder consent in this manner is to streamline decision-making and avoid the need for convening a formal shareholder meeting, which can be time-consuming and costly. By obtaining consents in writing or electronically, corporations can expedite the process and take necessary actions promptly. There are different types of Florida Corporation — Consent by Shareholders, which may vary based on the specific corporate action or decision being considered. Some common types include: 1. Written Consent: Shareholders provide their consent in written form, which can be in the form of a physical document or a digital format, such as an email or an electronic signature. The written consent must meet certain requirements, such as state the corporate action to be taken and be signed by the requisite number of shareholders. 2. Unanimous Consent: In some cases, unanimity among all shareholders may be required for certain actions. This means that every shareholder must express their consent for the action to be taken, leaving no room for dissenting opinions. 3. Proxy Consent: Shareholders may appoint a proxy to act on their behalf in granting consent. The proxy is given the authority to sign the consent document on behalf of the shareholder, provided it is in accordance with the shareholder's instructions. 4. Consent by Electronic Transmission: Shareholders may provide their consent through electronic means, such as email or a secure online platform. Florida's law recognizes electronic transmission as a valid method for obtaining shareholder consent. In summary, Florida Corporation — Consent by Shareholders allows shareholders of a corporation in the state of Florida to provide their consent or approval for certain corporate actions through a written or electronic document, without the need for a formal meeting. The consent process may differ based on the type of action and can include written consent, unanimous consent, proxy consent, or consent by electronic transmission.