What does it mean to spread a resolution upon the minutes?

Full question:

On the minutes form: 'Resolved, that the chairman be requested to cause the same to be spread at length upon the minutes.' My Corp is in Nevada

Answer:

The phrase you mentioned is a legal term indicating that a corporate officer has directed that specific proceedings be fully recorded in the minutes. Board minutes are the official written record of the actions and decisions made by a Board of Directors. They serve as a permanent, formal, and detailed account of the business conducted and resolutions passed by the board. Once documented and approved at the next meeting, the minutes become a true representation of the proceedings and can be used as prima facie evidence in legal matters.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Nevada Revised Statute 116.31184 outlines the requirements for the maintenance of minutes for meetings of the board of directors in homeowners' associations. It specifies that minutes must be recorded and made available to members, ensuring transparency in the decision-making process. This statute helps protect the rights of association members by providing access to the official record of meetings. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*