Unanimous Consent of the Board in Lieu of an Organizational Meeting (Virginia)

This legal template refers to a document that outlines the unanimous consent of the members of a board of directors in lieu of conducting an organizational meeting in the state of Virginia. Typically, when a board is formed, an organizational meeting is scheduled to address various matters such as appointing officers, adopting bylaws, and other important decisions. However, there are instances when it is not practical or necessary to hold a physical meeting.

In such cases, this template allows the members of the board to provide their unanimous consent to certain actions or resolutions without the need for a formal meeting. It serves as a legally valid substitute for an organizational meeting, ensuring that all board members are in agreement and have had the opportunity to express their consent or dissent.

The template would include sections for identifying the organization or company, describing the specific matters or resolutions for which unanimous consent is being sought, and providing a space for each board member to sign in agreement. Additionally, it may also require specific information such as the date of the resolution, the address of the organization's principal place of business, and any necessary attachments or exhibits related to the matters being considered.

Overall, this legal template acts as a formal written record of unanimous consent, allowing organizations in Virginia to fulfill their obligations without the need for an in-person or virtual meeting.