Form with which the stockholders of a corporation waive the necessity of a first meeting of stockholders.
The Oregon Waiver of Annual Meeting of Stockholders — Corporate Resolutions is a legal document used by corporations in the state of Oregon to waive the requirement of holding an annual meeting of stockholders. This waiver allows corporations to bypass the traditional process of holding an annual meeting and allows the board of directors to make decisions and pass resolutions without convening a physical gathering of stockholders. This document is crucial for corporations that wish to streamline their decision-making process and avoid the time and expenses associated with organizing an annual meeting. By using this waiver, corporations can resolve matters efficiently and effectively without the need for shareholders to physically attend a meeting. Some key keywords and concepts related to the Oregon Waiver of Annual Meeting of Stockholders include: 1. Oregon: This refers to the specific jurisdiction where this waiver is applicable, highlighting its compliance with the corporate laws and regulations of the state of Oregon. 2. Waiver: This signifies the act of voluntarily giving up or relinquishing a right or requirement. In this context, the waiver is an agreement to forgo the obligation of holding an annual meeting. 3. Annual Meeting: This refers to the customary gathering of the stockholders of a corporation that is conducted once a year. It typically involves the election of directors, approval of financial statements, and other important matters. 4. Stockholders: These are the individuals or entities who hold shares or stocks in a corporation. They have ownership rights and are entitled to certain privileges, including attending annual meetings. 5. Corporate Resolutions: These are formal decisions and actions taken by the board of directors, often requiring approval from stockholders. Resolutions can cover a wide range of matters, such as changes to the company's bylaws, appointment of officers, or approval of significant transactions. Types of Oregon Waiver of Annual Meeting of Stockholders — Corporate Resolutions: 1. General Waiver: This is the most common type of waiver used by corporations, where the stockholders agree to waive the requirement of holding an annual meeting for a specific year. It allows the board of directors to pass resolutions without the need for stockholder approval. 2. Special Waiver: This type of waiver is used in exceptional cases where the corporation needs to bypass the annual meeting requirement for reasons specific to that year or a particular issue. It may be used for urgent matters or situations that require immediate action. In summary, the Oregon Waiver of Annual Meeting of Stockholders — Corporate Resolutions is a legal document used by corporations in Oregon to bypass the obligation of holding an annual meeting. By signing this waiver, corporations can streamline their decision-making process, empower their board of directors to pass resolutions, and avoid the complexities and costs associated with organizing an annual meeting of stockholders.
