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Board Directors Resolution With Specimen Signature In Clark
State:
Multi-State
County:
Clark
Control #:
US-0020-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Board Resolution Granting Signing Authority BE IT RESOLVED, that the board of directors hereunder authorizes Authorized Individual's Name, Position, to sign, execute, and endorse on behalf of Company Name for all financial transactions, legal documents, and other official agreements.
A board resolution is subject to voting 'yes' or 'no'. This can be done by a show of hands, chits, or by electronic means.
Board Resolution Granting Signing Authority BE IT RESOLVED, that the board of directors hereunder authorizes Authorized Individual's Name, Position, to sign, execute, and endorse on behalf of Company Name for all financial transactions, legal documents, and other official agreements.
Elements of a Certified Board Resolution Date when the resolution is passed by the board of directors. A designation of the party for whom the resolution is being prepared for and its address. Explanation of the action being taken by the board of directors and the reason for doing so. Name of the secretary.
The Board Resolution is duly signed by the directors present in the meeting. There is no requirement that a Board Resolution be notarized. However, when Board Resolutions are used as evidence in court trials, notarization gives more credence to the document.
Once the meeting has been completed and all necessary decisions have been approved, all present directors will sign the resolution, which makes the decisions official. Alternatively, during meetings, directors can record decisions (i.e., resolutions) directly in the Meeting Minutes.
Resolutions must be certified to be legal, meaning that the board secretary, assistant secretary or other designated person verifies the resolution and certifies it by having the board president sign the resolution.
Guidelines for Valid Corporate Resolutions. The certification must bear an original signature by an officer of the corporation, (preferably the secretary), and this signature must be someone other than the person who signed the RFP, RFQ, RFI, etc.
Ing to , the resolution of the board of directors must be signed by all directors if the board meets formally to discuss the topics contained within minutes of the meeting. In some cases, the resolution may relate to a committee and a subset of directors.
Document must be printed on company letterhead. PLEASE NOTE: A board resolution must be signed either by two existing company directors or by one existing director and the company secretary. In the event that a company only has one director, the document can be signed by the director and one independent witness.
