Validity of acts Sample Clauses
The 'Validity of acts' clause establishes that actions taken by a party or its representatives remain legally effective, even if there are technical defects or irregularities in their authority or appointment. In practice, this means that decisions, agreements, or other formal acts carried out by directors, officers, or agents are considered valid, provided they were made in good faith, regardless of minor procedural errors. This clause is essential for ensuring continuity and reliability in business operations, as it prevents challenges to the legitimacy of actions based on technicalities, thereby reducing the risk of disputes and administrative delays.
POPULAR SAMPLE Copied 11 times
Validity of acts. An act done by a director or by an officer is not invalid by reason only of any defect that is thereafter discovered in his or her appointment, election or qualification.
Validity of acts. All acts done bona fide by any meeting of Trustees or by a committee appointed by the Controlling Trustees or by any Person acting as a Trustee shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any such Trustee, committee or Person so acting or that they or any of them
Validity of acts. An act or proceeding of the board is not invalid by reason only of a vacancy in its membership or a defect in the election or appointment of a member.
Validity of acts. All acts done bona fide by any meeting of Trustees or of a committee appointed by the Controlling Trustees or by any Person acting as a Trustee shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any such Trustee or committee or Person acting as aforesaid, or that they or any of them were disqualified or had vacated office or were not entitled to vote, be as valid as if every such Person had been duly appointed and was qualified and had continued to be a Trustee or a member of a committee appointed by the Trustees and had been entitled to vote.
Validity of acts. An act done by a meeting of the Board, a committee of the Board or a person acting as a director is not invalidated by:
(a) a defect in the appointment of a person as a director or a member of a committee; or
(b) a person so appointed being disqualified or not being entitled to vote, if that circumstance was not known by the Board, committee or person when the act was done.
Validity of acts. All acts of a Trustee are valid notwithstanding any irregularity in the appointment of the Trustee or any defect in the qualifications of the Trustee.
Validity of acts. All acts done at a meeting of the Directors or of a committee, or by a person acting as a Director are deemed, despite the fact that afterwards it is discovered that:
(a) there was a defect in the appointment, or election or selection, or continuance in office of a person as a Director or of the person so acting; or
(b) a person acting as a Director was disqualified or was not entitled to vote, as valid as if the relevant person had been duly appointed, elected or selected or had duly continued in office and was qualified and entitled to vote.
Validity of acts. An act done by a meeting of the Board, a committee of the Board or a person acting as a director is not invalidated by: