Hide Arrow in the Articles Of Incorporation

Aug 6th, 2022
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How to Hide Arrow in the Articles Of Incorporation

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In this video, attorney Chris Mathan provides an overview of articles of incorporation, a crucial document for establishing a corporation. He emphasizes that these articles are prepared by those initiating the corporation and serves as the second step in the incorporation process, following promotion. Mathan notes that drafting and executing the articles is the first step in incorporation. The video aims to clarify what articles of incorporation are and outlines the essential contents that should be included in this document, aiming to simplify the legal concepts for viewers.

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Removal of directors and officers is resolved by a vote of shareholders in a special meeting, by majority vote of the shareholders. Alternatively, a shareholders resolution, documenting in writing the decision made by shareholders, must be signed and placed in the corporations minute book.
Removal of Directors by Shareholders Meetings Section 109(1) of the CBCA and section 122(1) of the OBCA provide that a director of a corporation may be removed by an ordinary resolution of the shareholders passed at a special meeting of shareholders called for that purpose.
Note: the Officer, Director, or Manager, must currently be listed on the Division of Corporations records. To add or remove an Officer, Director, or Manager, you will need to file an amendment or the annual report for the current calendar year or an amended annual report.
A shareholder wishing to remove a director must give special notice of their intention to the company, which then has 28 days to call a general meeting. At this meeting, shareholders will vote on the proposed resolution. If it is passed by a simple majority, then the director will be removed from their position.
(2) An officer may be removed at any time with or without cause by: (a) The board of directors; (b) The appointing officer, unless the bylaws or the board of directors provide otherwise; or. (c) Any other officer, if authorized by the bylaws or the board of directors.
(d) A proposed removal of a director at a meeting shall require a separate vote for each director whose removal is sought. Where removal is sought by written consent, a separate consent is required for each director to be removed.

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