WRITTEN CONSENT BY DIRECTORS Sample Clauses
The "Written Consent by Directors" clause allows a company's board of directors to make decisions and take official actions without holding a formal meeting, provided all directors agree in writing. In practice, this means that resolutions can be approved via signed documents, emails, or other written communications, as long as every director provides their explicit consent. This clause streamlines corporate governance by enabling prompt decision-making and reducing the need for in-person meetings, thereby increasing efficiency and flexibility for the board.
WRITTEN CONSENT BY DIRECTORS. Any action required or permitted to be taken at any meeting of the Board may be taken without a meeting, if a consent in writing to such action is signed by each director and such written consent is filed with the minutes of proceedings of the Board; provided however, this Section 10 does not apply to any action of the directors pursuant to the 1940 Act that requires the vote of the directors to be cast in person at a meeting.
WRITTEN CONSENT BY DIRECTORS. Subject to applicable requirements of the Investment Company Act, any action required or permitted to be taken at any meeting of the Board of Directors may be taken without a meeting, if a consent to such action is given in writing or by electronic transmission by each director and is filed with the minutes of proceedings of the Board of Directors.