Legal Question in Business Law in North Carolina

What does the bylaws/operating agreement say about the ability of one officer of a company to make binding decisions on behalf of the company? Who has to vote on any decisions?

If the bylaws/operating agreement provides that an officer can make binding decisions on his own, then yes. If decisions must be made by any two officers, then who is the secretary/treasurer? Can he/she vote? There has to be someone other than the president who can break any ties. If not, then you will have to get approval.

As a Franchise Attorney I agree with the other attorney answer, but add a business reality. As vice president would this action be within your scope of responsibility? Or is this something the president has exclusive authority over? Think this over and consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation