Non Profit Board Resolution Template With Board Members In Maricopa
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A board resolution, otherwise known as directors' resolution, is a formal document that documents the intentions or decisions made by board members on the organisation's behalf.
“FURTHER RESOLVED THAT Mr__________________ Director, Mr__________________ Director, and Mr__________________ (give designation if a senior official other than a director) be and are hereby jointly and severally authorised to sign, execute and deliver all the documents including title deeds to the property of the ...
If any special majority or the affirmative vote of any particular director or directors is specified in the Articles, the resolution should be passed only with the assent of such special majority or such affirmative vote.
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.
How to write a board resolution Put the date and resolution number at the top. Give the resolution a title that relates to the decision. Use formal language. Continue writing out each critical statement. Wrap up the heart of the resolution in the last statement.
All eligible directors must either sign copies of the written resolution, or otherwise agree to it in writing. A sole director will usually make decisions by written resolution.
The minimum number of board members is set by state statute. Arizona requires one board member. Nonprofits do not need to be incorporated to receive tax exempt status from the IRS, but it is usually recommended.
The title of the resolution must appropriately reflect the intent. Resolutions begin with "Whereas" statements, which provides the basic facts and reasons for the resolution, and conclude with "Resolved" statements which, identifies the specific proposal for the requestor's course of action.
The resolution then becomes part of the company's record and is legally binding. For this reason, boards should document meeting resolutions in their meeting minutes and store them in their board portal.
When writing a resolution, delegates must keep in mind that the wording of a resolution will influence the assembly's understanding of it. For this reason, the resolution must be clear, precise, and brief. Vague resolutions that do not propose any specific plans of action will be severely criticized during the debate.
