Form with which the stockholders of a corporation waive the necessity of a first meeting of stockholders.
The Maryland Waiver of Annual Meeting of Stockholders is a corporate resolution that allows a corporation incorporated in Maryland to forgo holding an annual meeting of stockholders. This waiver is a legal document that must be drafted and approved by the board of directors of the corporation. When a corporation holds an annual meeting of stockholders, it is an opportunity for the stockholders to gather and discuss important matters concerning the corporation. However, there may be situations where convening an in-person meeting is not practical or necessary. In such cases, the board of directors may choose to waive the requirement of holding the annual meeting, allowing the corporation to save time and resources. The Maryland Waiver of Annual Meeting of Stockholders — Corporate Resolution outlines the decision of the board of directors to waive the annual meeting. It includes relevant details such as the name of the corporation, the date of the resolution, and the reasons for waiving the meeting. The resolution should also state that the waiver is being made in accordance with the provisions of the Maryland General Corporation Law. It is important to note that there may be different types of Maryland Waiver of Annual Meeting of Stockholders — Corporate Resolutions, depending on the specific circumstances of the corporation. For example, a corporation may seek to waive the annual meeting in order to conduct a written consent to take certain actions or to make important decisions without the need for a physical meeting. In such cases, the resolution may include additional provisions specifying the actions to be taken or decisions to be made. In summary, the Maryland Waiver of Annual Meeting of Stockholders — Corporate Resolution is a legal document that allows a corporation incorporated in Maryland to forgo holding an annual meeting of stockholders. It is a time and resource-saving measure that must be authorized by the board of directors and adheres to the requirements of the Maryland General Corporation Law.
