Both the Model Business Corporation Act and the Revised Model Business Corporation Act provide that acts to be taken at a shareholders' meeting or a director's meeting may be taken without a meeting if the action is taken by all the shareholders or directors entitled to vote on the action. The action must be evidenced by one or more written consents bearing the date of signature and describing the action taken, signed by all the shareholders or directors entitled to vote on the action, and delivered to the corporation for inclusion in the minutes or filing with the corporate records.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
New Mexico Unanimous Written Consent by Shareholder Electing Board of Directors is a statutory provision that allows for the election of the board of directors through unanimous written consent of the shareholders. This provision is applicable to New Mexico corporations and provides an alternative method for electing directors without holding a formal meeting. Under this provision, shareholders of a New Mexico corporation can elect the board of directors by delivering a written consent to the corporation, signed by all the shareholders entitled to vote, in lieu of holding a shareholders' meeting. This written consent must specifically state the action to be taken, i.e., the election of the board of directors, and must be filed with the corporation's records. The New Mexico Unanimous Written Consent by Shareholder Electing Board of Directors enables shareholders to efficiently and quickly elect the board of directors without the need for scheduling and convening a formal shareholders' meeting. This provision is particularly useful for small corporations with a limited number of shareholders who are in agreement regarding the election of directors. It is important to note that there are currently no different types or variations of the New Mexico Unanimous Written Consent by Shareholder Electing Board of Directors provision. It is a singular provision within New Mexico corporation law that provides a streamlined process for board elections.New Mexico Unanimous Written Consent by Shareholder Electing Board of Directors is a statutory provision that allows for the election of the board of directors through unanimous written consent of the shareholders. This provision is applicable to New Mexico corporations and provides an alternative method for electing directors without holding a formal meeting. Under this provision, shareholders of a New Mexico corporation can elect the board of directors by delivering a written consent to the corporation, signed by all the shareholders entitled to vote, in lieu of holding a shareholders' meeting. This written consent must specifically state the action to be taken, i.e., the election of the board of directors, and must be filed with the corporation's records. The New Mexico Unanimous Written Consent by Shareholder Electing Board of Directors enables shareholders to efficiently and quickly elect the board of directors without the need for scheduling and convening a formal shareholders' meeting. This provision is particularly useful for small corporations with a limited number of shareholders who are in agreement regarding the election of directors. It is important to note that there are currently no different types or variations of the New Mexico Unanimous Written Consent by Shareholder Electing Board of Directors provision. It is a singular provision within New Mexico corporation law that provides a streamlined process for board elections.
