majority consent procedure

majority-consent procedure. Corporations. A statutory provision allowing shareholders to avoid a shareholders’ meeting and to act instead by written consent of the holders of a majority of shares. • Delaware and a few other states have enacted such procedures. [Cases: Corporations 191. C.J.S. Corporations §§ 362, 374.]

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词条贡献者

译者Glen，毕业于世界顶级翻译学院，擅长翻译各种与房地产诉讼相关的法律文件。