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Title:

Bylaws

Entities:

Date:

2008

Size:

63KB total

Price:

$39

ID:

#3290122

 

 

► Corporate ► Bus. Formation ► Bylaws

 

 

Start of Preview


BY-LAWS

OF

KAR HOLDINGS, INC.

A Delaware Corporation

Effective November 9th, 2006


TABLE OF CONTENTS

 

         Page
  ARTICLE I   
  OFFICES   
Section 1.   Registered Office    1
Section 2.   Other Offices    1
  ARTICLE II   
  MEETINGS OF STOCKHOLDERS   
Section 1.   Place of Meetings    1
Section 2.   Annual Meetings    1
Section 3.   Special Meetings    2
Section 4.   Notice    2
Section 5.   Adjournments    3
Section 6.   Quorum    3
Section 7.   Voting    4
Section 8.   Proxies    4
Section 9.   Consent of Stockholders in Lieu of Meeting    6
Section 10.   List of Stockholders Entitled to Vote    8
Section 11.   Record Date    8
Section 12.   Stock Ledger    10
Section 13.   Conduct of Meetings    10
Section 14.   Inspectors of Election    11
  ARTICLE III   
  DIRECTORS   
Section 1.   Number and Election of Directors    12
Section 2.   Vacancies    13
Section 3.   Duties and Powers    13
Section 4.   Meetings    13
Section 5.   Organization    14
Section 6.   Resignations and Removals of Directors    14
Section 7.   Quorum    15

 

i


Section 8.   Actions of the Board by Written Consent    15
Section 9.   Meetings by Means of Conference Telephone    15
Section 10.   Committees    16
Section 11.   Compensation    17
Section 12.   Interested Directors    17
  ARTICLE IV   
  OFFICERS   
Section 1.   General    18
Section 2.   Election    19
Section 3.   Voting Securities Owned by the Corporation    19
Section 4.   Chairman of the Board of Directors    20
Section 5.   President    20
Section 6.   Vice Presidents    21
Section 7.   Secretary    22
Section 8.   Treasurer    23
Section 9.   Assistant Secretaries    24
Section 10.   Assistant Treasurers    24
Section 11.   Other Officers    25
  ARTICLE V   
  STOCK   
Section 1.   Form of Certificates    25
Section 2.   Signatures    25
Section 3.   Lost Certificates    26
Section 4.   Transfers    26
Section 5.   Dividend Record Date    27
Section 6.   Record Owners    27
Section 7.   Transfer and Registry Agents    28
  ARTICLE VI   
  NOTICES   
Section 1.   Notices    28
Section 2.   Waivers of Notice    29

 

ii


  ARTICLE VII   
  GENERAL PROVISIONS   
Section 1.   Dividends    29
Section 2.   Disbursements    30
Section 3.   Fiscal Year    30
Section 4.   Corporate Seal    30
  ARTICLE VIII   
  INDEMNIFICATION   
Section 1.   Power to Indemnify in Actions, Suits or Proceedings other than Those by or in the Right of the Corporation    31
Section 2.   Power to Indemnify in Actions, Suits or Proceedings by or in the Right of the Corporation    32
Section 3.   Authorization of Indemnification    33
Section 4.   Good Faith Defined    34
Section 5.   Indemnification by a Court    35
Section 6.   Expenses Payable in Advance    36
Section 7.   Nonexclusivity of Indemnification and Advancement of Expenses    36
Section 8.   Insurance    37
Section 9.   Certain Definitions    37
Section 10.   Survival of Indemnification and Advancement of Expenses    38
Section 11.   Limitation on Indemnification    39
Section 12.   Indemnification of Employees and Agents    39
  ARTICLE IX   
  AMENDMENTS   
Section 1.   Amendments    40
Section 2.   Entire Board of Directors    40

 

iii


BY-LAWS

OF

KAR HOLDINGS, INC.

(hereinafter called the ?Corporation?)

ARTICLE I

OFFICES

Section 1. Registered Office. The registered office of the Corporation shall be in the City of Dover, County of Kent, State of Delaware.

Section 2. Other Offices. The Corporation may also have offices at such other places, both within and without the State of Delaware, as the Board of Directors may from time to time determine.

ARTICLE II

MEETINGS OF STOCKHOLDERS

Section 1. Place of Meetings. Meetings of the stockholders for the election of directors or for any other purpose shall be held at such time and place, either within or without the State of Delaware, as shall be designated from time to time by the Board of Directors.


 

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