Form with which the Directors of a corporation waive the necessity of an annual meeting of directors.
A North Carolina Waiver of Annual Meeting of Board of Directors — Corporate Resolutions is a legally-binding document that allows a corporation in North Carolina to waive the requirement of holding an annual meeting of the board of directors. This waiver ensures that the company does not need to physically convene a meeting while still meeting the legal obligations. Keywords: 1. North Carolina: Refers to the state where this waiver document is applicable, indicating that it abides by the laws and regulations specific to the state. 2. Waiver: Implies the act of giving up or relinquishing something, in this case, the requirement of holding an annual meeting. 3. Annual Meeting: The regular gathering of a corporation's board of directors, usually once a year, where various matters are discussed, reports are presented, and important decisions are made. 4. Board of Directors: The group of individuals elected or appointed to oversee the governance and strategic decision-making of a corporation. 5. Corporate Resolutions: Formal decisions made by a corporation's board of directors that define and guide the actions and policies of the company. Different types of North Carolina Waiver of Annual Meeting of Board of Directors — Corporate Resolutions: 1. Standard Waiver: This type of waiver simply contains the necessary provisions to waive the holding of the annual meeting, relieving the corporation of the requirement. 2. Conditional Waiver: This waiver specifies certain conditions that need to be met for the annual meeting to be waived. For example, the corporation may require all board members to provide their consent in writing. 3. Limited Waiver: This type of waiver applies to a specific set of resolutions or decisions that do not require a physical meeting. It allows the board to waive the meeting only for those particular matters, while still requiring a meeting for other important issues. 4. Emergency Waiver: In some cases, due to unforeseen circumstances or emergencies, a corporation may need to waive the annual meeting urgently. This type of waiver is designed to address such situations and allows the board to quickly bypass the meeting requirement whilst still adhering to legal obligations. It is important to note that the exact types of waivers may differ depending on the corporation and its specific requirements.
