Unanimous Written Consent (UWC)
Short for Action by Unanimous Written Consent, a UWC is a legal document that memorializes the unanimous consent of the board of directors and/or members of a corporate entity on a specific issue or action.Example:
A common example of a UWC is a Unanimous Written Consent in Lieu of an Organizational Meeting, which is used to approve an entity’s bylaws or Operating/Company Agreement, and other things requiring unanimous consent, without a formal meeting.Preparing for Funding Ep1: Incorporation
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