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Simple English definitions for legal terms
minutes book
Read a random definition: Investor Protection Guide: Affinity Fraud
A quick definition of minutes book:
A minutes book is a special book where important information is written down. It can be used by a court clerk to write down what happens during a court case or by a company to record what was talked about and decided during a meeting with important people like directors or shareholders. It's like a diary that helps people remember what happened and what was agreed upon.
A more thorough explanation:
A minutes book is a record-keeping book that contains a written account of the proceedings and decisions made during a meeting. It can refer to:
- A book used by a court clerk to record the minutes of court proceedings.
- A record of the topics discussed and actions taken during a corporate directors' or shareholders' meeting.
For example, a court clerk may use a minutes book to record the date, time, and location of a court hearing, the names of the parties involved, and the decisions made by the judge. Similarly, a corporation may use a minutes book to document the topics discussed during a board meeting, the decisions made by the directors, and any votes taken.
The purpose of a minutes book is to provide an accurate and complete record of the proceedings and decisions made during a meeting. This record can be used for future reference, to ensure compliance with legal requirements, and to hold individuals accountable for their actions.