What is Section 1701.01 of the Ohio Revised Code?

Section 1701.01 General corporation law definitions. As used in sections 1701.01 to 1701.98 of the Revised Code, unless the context otherwise requires: (A) "Corporation" or "domestic corporation" means a corporation for profit formed under the laws of this state.

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Reduction in Authorized Number of Directors

Ohio Reduction in Authorized Number of Directors

Name: Ohio Reduction in Authorized Number of Directors
Brand: US Legal Forms
Rating: 4.78 (389 reviews)

Category:

Corporations - Public - Directors

State:

Multi-State

Control #:

US-CC-14-170D

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Instant download

Description

This is a Reduction in Authorized Number of Directors form, to be used across the United States. It is used when either the Shareholders, or the Board of Directors, feels that the number of authorized directors should be reduced by a certain amount.

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Whoever knowingly and willfully obstructs or retards the passage of the mail, or any carrier or conveyance carrying the mail, shall be fined under this title or imprisoned not more than six months, or both. (June 25, 1948, ch. 645, 62 Stat.

Section 1701.86 | Voluntary dissolution. (A) A corporation may be dissolved voluntarily in the manner provided in this section, provided the provisions of Chapter 1704.

Director information The following are Ohio's requirements for directors of corporations: Minimum number. Corporations must have not less than three directors, unless there are only one or two shareholders. In such case the number of directors may be less than three but not less than the number of shareholders.

(A) If initial directors are not named in the articles, before subscriptions to shares have been received and before the incorporators have elected directors, the incorporators may adopt an amendment to the articles by a writing signed by them.

Section 1701.01 | General corporation law definitions. As used in sections 1701.01 to 1701.98 of the Revised Code, unless the context otherwise requires: (A) "Corporation" or "domestic corporation" means a corporation for profit formed under the laws of this state.

Ohio Revised Code section 1701.591 requires close corporations to have a close corporation agreement. This agreement must be approved by every single shareholder of the company.

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No reduction in the number of directors shall of itself have the effect of shortening the term of any incumbent director. (3) The directors shall be natural ... Mar 29, 2007 — (c) No reduction in the number of directors shall of itself have the effect of shortening the term of any incumbent director. (3) The ...To make amendments to your Ohio Corporation, just fill out the Certificate of Amendment by Directors or Incorporators to Articles form (540) or the Certificate ... Any Director's office created by the Directors by reason of an increase in their number may be filled by action of a majority of the Directors then in office. Candidates for director or deputy director of a board of elections may be asked to complete a qualifications supplement at the discretion of the board of ... Through Ohio Business Central, you can file a number of forms online, obtain and request ... required for an increase in the number of authorized shares as. For their own government, the directors may adopt bylaws that are not inconsistent with the articles or the regulations. The selection of a time frame for the ... Director information The following are Ohio's requirements for directors of corporations: Minimum number. Corporations must have not less than three directors, ... This guide explains the legal duties and responsibilities of board members. Page 2. 1. Dear Charitable Organization Leader,. Given all the selfless work ... When such a vacancy arises, the typical procedure is for the remaining board members to find a suitable candidate to fill that role, nominate them, and vote ...

Ohio Reduction in Authorized Number of Directors

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What is a reduction in authorized number of directors?

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Are there any legal requirements or restrictions when reducing the authorized number of directors?

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