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Simple English definitions for legal terms
minute book
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A quick definition of minute book:
A minute book is a book that keeps track of important information from meetings. It can be used by a court clerk to record what happens during court proceedings or by a company to document what was discussed and decided upon during a meeting of directors or shareholders.
A more thorough explanation:
A minute book is a record-keeping book that contains important information about a court proceeding or a corporate meeting. It is used to keep track of the discussions and actions taken during the meeting or hearing.
In court proceedings, a minute book is used by the court clerk to record the minutes of the hearing. This includes the names of the parties involved, the judge's rulings, and any other important information related to the case.
In corporate meetings, a minute book is used to record the discussions and decisions made by the board of directors or shareholders. This includes the approval of financial statements, the election of officers, and any other important matters related to the company.
During a board meeting, the members discuss the company's financial statements and decide to approve them. The secretary records this decision in the minute book, along with the names of the members who voted in favor of the approval.
This example illustrates how a minute book is used to keep track of important decisions made during a corporate meeting.