Definitions for "Organizational Meeting"
The initial meeting of incorporators of a corporation to elect directors, ratify the articles of incorporation. The meeting may be held by the directors if they were appointed in the articles of incorporation.
The initial meeting of the initial directors wherein the board of directors is appointed, and the bylaws are adopted.
The initial meeting of a corporation in which the formation is completed. At this meeting, the Articles of Incorporation are ratified, By Laws are passed, the initial shares are assigned, officers are elected and authorization of the opening of bank accounts is passed.