Common use of Resolution in Writing Clause in Contracts

Resolution in Writing. A resolution in writing, signed by all the directors entitled to vote thereon is as valid as if it had been passed at a meeting of the board or, as the case may be, of a committee of the board. If the Corporation has only one director, such director may pass a resolution in lieu of holding a meeting. A copy of the resolution must be kept with the minutes of the meetings of the board.

Resolution in Writing. A resolution in writing, writing signed or assented to by all the directors entitled to vote thereon Directors is as valid and effective as if it had been passed at a meeting of the board orBoard duly convened and held. Any such resolution may consist of several documents (including facsimile or other similar means of communication) in similar form, as the case may be, of a committee of the board. If the Corporation has only each signed or assented to by one director, such director may pass a resolution in lieu of holding a meetingor more Directors. A copy of any such resolution shall be entered in the resolution must be kept with the minutes records of the meetings of the boardGeneral Partner.