Typically refers to the record kept for important corporate meetings such as those of the board of directors, shareholders meetings and other organizational meetings. Also may refer to a record of court proceedings which takes note of the events, parties, participants and rulings. . A pleading put into writing before the lord ordinary, as the ground of his judgment. Bell.
In business law. Memoranda or notes of a transaction or proceeding. Thus, the record of the proceedings at a meeting of directors or shareholders of a company is called the “minutes.”