Common use of Records of Proceedings Clause in Contracts

Records of Proceedings. (A) Minutes (I) The minutes of the governing board and all committees with board delegated powers shall contain: (a) The names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the governing boards or committee’s decision as to whether a conflict of interest in. fact existed. (b) The names of the person who were presented for discussions and votes relating to the transaction or arrangement, the content of the discussion, and including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.

Records of Proceedings. (A) Minutes (I) The minutes of the governing board and all committees with board board-delegated powers shall contain: (a) A. The names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was was, present, and and, the governing boards board’s or committee’s decision as to whether a conflict of interest in. in fact existed. (b) B. The names of the person persons who were presented present for discussions and votes relating to the transaction or arrangement, the content of the discussion, and including any alternatives to the proposed transaction or Or arrangement, and a record of any votes taken in connection with the proceedingstherewith.