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LSDefine

Simple English definitions for legal terms

authorized committee

Read a random definition: lex comitatus

A quick definition of authorized committee:

Authorized Committee: An authorized committee is a group of people who have been given permission to make decisions or take actions on behalf of a larger organization. It is similar to a special litigation committee, which is a group formed specifically to handle legal matters.

A more thorough explanation:

An authorized committee is a group of individuals who have been given the power to make decisions on behalf of a larger organization or entity. This committee is typically created for a specific purpose or project and has the authority to act on behalf of the organization in matters related to that purpose or project.

One example of an authorized committee is a special litigation committee. This committee is created by a corporation to investigate and make decisions regarding potential legal action against the corporation. The committee is given the authority to act on behalf of the corporation in matters related to the potential legal action.

Another example of an authorized committee is a fundraising committee for a political campaign. This committee is authorized by the candidate to raise funds and make decisions related to the use of those funds in the campaign.

These examples illustrate how an authorized committee is created for a specific purpose and given the authority to act on behalf of the larger organization in matters related to that purpose.

authorized capital stock | authorized shares

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