Action by Written Resolution Clause Samples
The 'Action by Written Resolution' clause allows decisions or approvals typically made at meetings to instead be made in writing, without the need for a formal gathering. In practice, this means that if all required parties sign a written document agreeing to a particular action, that action is considered valid and binding as if it were approved in a meeting. This clause streamlines decision-making processes, enabling faster and more flexible responses when convening a meeting is impractical or unnecessary.
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Action by Written Resolution. Any action permitted or required by this Agreement to be taken at a meeting of the Board may be taken without a meeting, without prior notice and without a vote, if a written resolution setting forth the action to be taken is signed by all the Directors.
Action by Written Resolution. Subject to Section 5.8, any action that may be taken by the Directors at a meeting may instead be taken by a written resolution signed by all of the Directors.
Action by Written Resolution. Any action that may be taken by the Directors at a duly convened Board meeting may be taken by a written resolution in lieu of meeting of the Board; provided that, such written resolution is circulated to all Directors and signed by the simple majority of the Directors, except in the case of a Fundamental Matter, which consent must be signed by all of the Directors, or Reserved Matter, which consent must be signed by at least five (5) Directors, at least ten (10) Business Days prior to the adoption of such resolution, subject to any bona fide exigent circumstances that demand more prompt action.
Action by Written Resolution. 10.1. During the time that Rockwell Development, Inc. is the Managing Board of Directors, there will be no action by written resolution unless deemed necessary by the managing board.
10.2. When the Red Rock Estates Association is turned over to the property owners, by its own motion, the Board of Directors shall cause a statement of the proposal to be delivered to all parcel owners. The statement shall set forth the proposed resolution and contain short statements from the proponents of the resolution and from the opponents of the action, if any, which fairly set forth the arguments in favor and against the proposal.
10.3. The statement shall be accompanied by a ballot containing the proposal and shall state a period of time beginning at least thirty- (30) days and not more than sixty (60) days from delivery when the ballot will be returnable to the Secretary of the Association or other location designated by the board.
10.4. A statement and ballot shall be either hand-delivered or mailed to each owner at the address maintained on the records of the Association. Mail delivery shall be complete on mailing by first-class mail.
10.5. A resolution will be deemed approved upon the receipt by the appointed agent within the designated time period of affirmative ballots signed by a majority of all owners. If the action were one that requires a two-thirds majority of all homeowners, or two-thirds of the members in attendance at a duly called meeting, the receipt of affirmative ballots signed by two-thirds of all homeowners shall be required for approval.