Asked by Andy Blackwell Uncategorized
What is the rule as to posting a notice in a common area calling for a meeting of unit owners?
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Asked in Business Plans, Definitions
What is the difference between a notice of meeting and an agenda?
Notice of meeting is prepared by the secretary inviting all members who are eligible to attend a meeting. Notice usually specify the date, time and venue of a meeting. Notice must be sent to members at least seven days before the meeting. An agenda is a list of business to be discussed at a meeting in order of preference.
What is a notice of meeting?
Notice of Meeting?
Get Started Shareholders typically meet on an "annual" basis. Directors often hold "regular" monthly or quarterly meetings. Directors and/or shareholders can be called together for an unscheduled "special" meeting to address unusual matters that require immediate attention. Generally, if corporate action will be taken at a meeting, the shareholders or directors are entitled to formal notice of the time, date, and place of the meeting. There are two exceptions. First, in the case of a "regular" meeting of the board of directors, notice may not be required if the time, date, and place of the meeting were provided at the last meeting, or if the bylaws specify that notice of such meetings is not required. Second, the directors and/or shareholders may "waive" the notice requirement by signing a short document, a "waiver," consenting to the lack of notice for a particular meeting. A Notice of Meeting document can be used to prepare a notice to the directors and/or shareholders which advises them of a meeting. A copy of the notice can then be attached to the minutes as evidence that notice was provided.