Post by Admin on May 31, 2017 11:34:43 GMT -5
...and MAY is the 7th month that has gone by without the Board ratifying the one-sided Lease Agreement between leery listerine and Virginia Stab.
That means there is a purported contract, but it has not been approved by the Board for SLohA and this represents a legal deficiency that can have expensive consequences down the road. leery listerine does NOT have the AUTHORITY to bind the Members to a contract with KCNetwork. The approval of the Board is required for all contracts and corporate obligations and must be recorded in the Official Records.
That means there is a purported contract, but it has not been approved by the Board for SLohA and this represents a legal deficiency that can have expensive consequences down the road. leery listerine does NOT have the AUTHORITY to bind the Members to a contract with KCNetwork. The approval of the Board is required for all contracts and corporate obligations and must be recorded in the Official Records.