Failure of authorization definition

Failure of authorization means the failure to

Failure of authorization means the failure to authorize, approve, or otherwise effect a corporate action in compliance with the provisions of this title, the articles of incorporation or bylaws of the corporation, a corporate resolution, or any plan or agreement to which the corporation is a party, if and to the extent such failure would render such corporate action void or voidable.

Failure of authorization means: (i) the failure to authorize or effect an act or transaction in compliance with (A) the provisions of this title, (B) the certificate of incorporation or bylaws of the corporation, or (C) any plan or agreement to which the corporation is a party or the disclosure set forth in any proxy or consent solicitation statement, if and to the extent such failure would render such act or transaction void or voidable; or (ii) the failure of the board of directors or any officer of the corporation to authorize or approve any act or transaction taken by or on behalf of the corporation that would have required for its due authorization the approval of the board of directors or such officer;

Examples of Failure of authorization in a sentence

• Failure of authorization" means the failure to autho- rize, approve, or otherwise effect a corporate action in com- pliance with the provisions of this title, the articles of incor- [Title 23B RCW—page 64] (2018 Ed.)Defective Corporate Actions 23B.30.040 poration or bylaws of the corporation, a corporate resolution, or any plan or agreement to which the corporation is a party, if and to the extent such failure would render such corporate action void or voidable.

• Failure of authorization could be the default status.If that is the case, we should pay more attention to failed authorizations and carefully distinguish which types of failure in the UNSC result in information transmission regarding a proposed military action.

• Failure of authorization" means the failure to autho- rize, approve, or otherwise effect a corporate action in com- pliance with the provisions of this title, the articles of incor- [Title 23B RCW—page 64] (2020 Ed.)Defective Corporate Actions 23B.30.040 poration or bylaws of the corporation, a corporate resolution, or any plan or agreement to which the corporation is a party, if and to the extent such failure would render such corporate action void or voidable.

More Definitions of Failure of authorization

Failure of authorization means the failure to authorize, approve, or otherwise effect a corporate

Failure of authorization means (i) the failure to authorize or effect an act or transaction in compliance

Failure of authorization means the failure to authorize, approve, or otherwise effect a corporate action in compliance with any of the following, if and to the extent the failure would render the corporate action void or voidable:

Failure of authorization means the failure to authorize or effect an act or transaction in compliance with the provisions of this title, the certificate of incorporation or bylaws of the corporation, or any plan or agreement to which the corporation is a party, if and to the extent such failure would render such act or transaction void or voidable;

Failure of authorization means (a):

Failure of authorization means: (A) The failure to authorize or

Failure of authorization means: (i) the failure to authorize or effect an act or transaction in compliance with (A) the provisions of this title,