Generic form with which a corporation may record resolutions of the board of directors or shareholders.
Corporate Resolution With Raised Seal In Michigan
State:
Multi-State
Control #:
US-0031-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
When you write a corporate resolution, you should include company identifiers, the resolutions, the date, and relevant signatures. Corporate resolutions can document various actions a board undertakes, but all include the same general components.
The following steps will guide you through the process of writing 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.
The use of a corporate seal is permissible, but it is not required. California Corporations Code section 207(a) – it authorizes a corporation to adopt, use and alter a corporate seal at will, but FAILURE TO AFFIX A SEAL on a document DOES NOT AFFECT the document's VALIDITY.
A corporate resolution document does not need to be notarized, although if it involves other transactions then those might have to be notarized. Once the document has been signed off and dated by the chairperson, vice-chairperson, corporate treasurer, and secretary, it becomes a binding document.
A corporate resolution by which an action may be approved without a physical meeting of the directors/shareholders. The resolution is typically signed by each signer and then sent to the others for signature. When all signatures have been recorded the resolution is entered into the company's records.
How to fill out a resolution of the board of directors? Date, time, and location of the meeting. Title that describes the board's decision to be made. Statement of majority or unanimous decision. Resolution of the decision, including any necessary actions. Officers responsible for carrying out the resolution.
Corporate signing authority resolutions specify who has the legal authority to bind the corporation through contracts. Individuals with the authority to sign can create legally binding contracts such as employment contracts, real estate transactions, and other important agreements.
Corporate resolutions serve as the foundation of effective board governance. They provide a framework for making decisions, ensuring compliance, and maintaining a transparent record of board actions. Properly drafted and recorded resolutions enable smooth operations and decision-making within a corporation.
Some examples of matters and decisions that may require an ordinary resolution of members include: Election or re-election of directors. Appointment of an auditor. Acceptance of reports at the general meeting.
In general, corporate seals are not mandatory in many jurisdictions, but they are often used to add a professional touch to official documents. It's important to consult with legal professionals or local authorities to understand the specific requirements in your jurisdiction.
