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Q: How long do you need to keep shareholder meeting minutes for?
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What is the main purpose of minutes in a meeting?

Bcz the to measure meeting that meeting is 40 min long


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What are verbatim minutes?

Verbatim minutes, like transcripts, are a record of every single word said at a meeting. They are often long and can be difficult to skim for a particular piece of information. With the exception of courtroom proceedings and Congress, a verbatim record of a meeting is rarely necessary. Verbatim minutes will not always follow the agenda.


When should hoa meeting minutes be ratified?

Read your governing documents, or refer to the state law under which your association is incorporated to determine your legal requirements. Meeting minutes are best approved at the next board meeting. Best practices dictate that transparency and frequent communication are both key elements to successful communities. The board can decide when to ratify or approve minutes, and decide when to publish them to owners. In the reviewing process, once all board members have reviewed the draft minutes and the minutes are eligible for approval at the next board meeting, the board can circulate 'draft' board minutes, so long as they are clearly labeled as unapproved. As well, several states are working on legislation to enable boards to approve annual meeting minutes at the next board meeting, and not wait until the next annual meeting to approve them.


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