GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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09:42 Jul 7, 2015 |
Italian to English translations [PRO] Law/Patents - Law (general) / articles of association | |||||||
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| Selected response from: Thomas Roberts | ||||||
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Summary of answers provided | ||||
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4 +1 | shall cease to hold office |
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4 | shall cease to exist. shall no longer exist |
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Discussion entries: 1 | |
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shall cease to exist. shall no longer exist Explanation: This is what happens but I cannot find official confirmation of the wording. |
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shall cease to hold office Explanation: I suppose the Board doesn't exist at that point but a fiction is maintained that the directors other than the three who no longer hold office still have an official function. What they actually mean is that the former directors other than those who officially no longer hold office other than by virtue of the dissolution of the Board must call a meeting. -------------------------------------------------- Note added at 1 hr (2015-07-07 11:25:22 GMT) -------------------------------------------------- In response to the comment, a board can hold office. See e.g. http://codes.ohio.gov/orc/2152.44 http://www.starkcountydeputiesassociation.org/by-laws.html |
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