What does spread at length upon the minutes mean?
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
03/15/2011 |
Category: Corporations |
State: California |
#24414
Answer:
The phrase you refer to is a legal phrase often used to indicate that an officer of the corporation has directed that the relevant proceedings be detailed or set forth in the minutes. Board Minutes refers to a written record of the proceedings and actions of a Board of Directors . It is a permanent, formal, and detailed record of business transacted and resolutions adopted by the board of directors. Once written up or typed in a minute book and approved at the next meeting, the minutes are accepted as a true representation of the proceedings they record and can be used as prima facie evidence in legal matters.
