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A corporate resolution is a document issued by a board of directors, outlining a binding corporate action. [ 1 ] Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name . [ 2 ]
Balanced Federal Budget (Reaffirmation of 1976 Legislative Resolution No. 106) April 13, 2010 "Legislative Resolution No. 538" V North Dakota Mode of Amendment, Other April 14, 2011 "House Concurrent Resolution No. 3048" V North Dakota Increase in federal debt to require approval by majority of state legislatures April 11, 2011: Cong. Rec. Vol ...
The process for running a board, sometimes called the board process, includes the selection of board members, the setting of clear board objectives, the dissemination of documents or board package to the board members, the collaborative creation of an agenda for the meeting, the creation and follow-up of assigned action items, and the ...
When greater formality is desired, the main motion may be made in the form of a resolution, which is always submitted in writing. [25] A preamble containing several paragraphs explaining background information or justification for the proposed action is often included, but is not required.
The compensation offered to such Independent Directors in the form of "sitting fee" has also been increased from Rs. 20,000 (prescribed by Companies Act, 1956) to a maximum of Rs. 1,00,000/- per meeting. The requirements in Kenya are similar to those in India. (These are to be found in the Companies Act, Cap 486 Laws of Kenya).<George Kinyua, LL.B>
Resolutions are often preceded by "Whereas..." clauses that express reasons or justifications for the ensuing resolution. In law, a resolution is a motion, often in writing [note 1], which has been adopted by a deliberative body (such as a corporations' board and or the house of a legislature). An alternate term for a resolution is a resolve.
Unions that represent professional athletes have written contracts that include particular representation provisions (such as in the National Football League), [13] but their application is limited to "wherever and whenever legal," as the Supreme Court has clearly held that the application of a right-to-work law is determined by the employee's ...
S. Res. 480, a Senate resolution passed in 1984, [27] created a standing order of the Senate requiring that each senator vote from his or her assigned desk. The resolution was sponsored by Democratic Senator Jennings Randolph of West Virginia. However, the rule is widely ignored, and senators typically vote while milling about the Senate ...
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