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.
In the context of corporate governance, a waiver of special meeting of board of directors refers to a legal document that allows a corporation's board of directors in Oklahoma to waive the requirement of holding a physical meeting for a particular purpose or decision. Instead of convening a special meeting, the board is granted the authority to make decisions or take action through a written resolution. A waiver of special meeting of board of directors is typically used when the board needs to make certain decisions quickly or when it is impractical or inconvenient to gather all members in person. By signing this document, the directors acknowledge and agree to forgo the traditional meeting process and opt for a written resolution or agreement to determine specific matters. The waiver generally involves several key components, including the identification of the corporation, details of the board of directors, the specific purpose or action being waived, and the authorization of the board to proceed with the decision through a written resolution instead of holding a meeting. Some common types of Oklahoma Waiver of Special Meeting of Board of Directors — Corporate Resolutions may include: 1. Waiver for Urgent Matters: This type of waiver is used when the board needs to address time-sensitive issues that cannot wait for a formal meeting. It allows the directors to waive the requirement of a special meeting and adopt written resolutions to expedite decision-making. 2. Waiver for Non-Controversial Matters: This type of waiver is applicable when the proposed action or decision is straightforward and does not involve significant debate or controversy among the directors. It allows the board to bypass a formal meeting and make a unanimous decision through written consent. 3. Waiver for Routine Matters: This type of waiver is employed for routine matters that require board approval but do not necessitate a physical meeting. Examples can include annual budget approval, hiring certain employees, or approving routine contracts. By waiving the special meeting requirement, the board can streamline the process for such matters. It is important to note that the specific types of waivers and their applicability may vary depending on the corporation's bylaws and the provisions of the Oklahoma state law. Therefore, it is recommended to consult with legal professionals or review the legal statutes to ensure compliance and accuracy in drafting an Oklahoma Waiver of Special Meeting of Board of Directors — Corporate Resolutions.
