This is a Business Credit Application for an individual seeking to obtain credit for a purchase from a business. It includes provisions for re-payment with interest, default provisions, disclaimer of warranties by the Seller and retention of title for goods sold on credit by the Seller.
The North Carolina Waiver of Special Meeting of Board of Directors — Corporate Resolutions refers to a legal document that allows the Board of Directors of a corporation in North Carolina to waive the requirement of holding a special meeting in order to vote on certain resolutions. This waiver is typically used when the directors unanimously agree on a particular matter and wish to expedite the decision-making process. The purpose of this waiver is to provide flexibility to the Board of Directors in conducting their business by avoiding the time-consuming process of convening a special meeting. Instead, the directors can choose to bypass the need for a physical gathering and proceed directly to voting on the resolution at hand. The waiver must be in compliance with the provisions outlined in the North Carolina General Statutes and corporate bylaws. It should clearly state the name of the corporation, the resolution to be voted upon, and the number of directors who are waiving the special meeting requirement. It is crucial to ensure that the waiver is signed by all the directors who are in agreement, thereby confirming their intention to waive the requirement of holding a special meeting. In North Carolina, there are typically no specific types of waivers of special meetings mentioned. However, it is important to note that variations in the content and purpose of the waivers may exist depending on the specific resolution being considered by the Board of Directors. Some common scenarios where a waiver might be used include approving financial transactions, mergers or acquisitions, changes to corporate policies, or the appointment/removal of officers. By utilizing the North Carolina Waiver of Special Meeting of Board of Directors — Corporate Resolutions, corporations can save time and resources while still ensuring that important decisions are made with the necessary approval of the board. It provides a streamlined process for directors to exercise their authority and make informed decisions efficiently.
