Establishment and Powers. The board of directors may, by resolution adopted by a majority of the directors in office, establish one or more committees to consist of one or more directors of the corporation. Any committee, to the extent provided in the resolution of the board of directors, shall have and may exercise all of the powers and authority of the board of directors except that a committee shall not have any power or authority as to the following:
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Marlin Business Services Corp), Agreement and Plan of Merger (Blue Ridge Real Estate Co), Agreement and Plan of Merger (Exelon Corp)
Establishment and Powers. The board Board of directors Directors may, by resolution adopted by a majority of the directors Directors in office, establish one or more committees to consist of one or more directors Directors of the corporationCompany. Any committee, to the extent provided in the resolution of the board Board of directorsDirectors, shall have and may exercise all of the powers and authority of the board Board of directors Directors except that a committee shall not have any power or authority as to the following:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Exelon Generation Co LLC), Limited Liability Company Agreement (Exelon Generation Co LLC), Limited Liability Company Agreement (Pepco Holdings LLC)
Establishment and Powers. The board Board of directors Directors of the Corporation may, by resolution adopted by a majority of the directors Directors in office, establish one or more committees to consist of one or more directors Directors of the corporationCorporation. Any committee, to the extent provided in the applicable resolution of the board Board of directorsDirectors or in these Bylaws, shall have and may exercise all of the powers and authority of the board Board of directors Directors, except that a committee shall not have any power or authority as to the following:
Appears in 1 contract
Samples: Agreement and Plan of Merger (A.C. Moore Arts & Crafts, Inc.)
