Generic form with which a corporation may record resolutions of the board of directors or shareholders.
Corporate Resolution Without Meeting In Montgomery
State:
Multi-State
County:
Montgomery
Control #:
US-0031-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Because corporate resolutions are subject to state laws, it's vital that they are legally compliant. You can get started creating your corporate resolution with the help of a qualified attorney. A legal professional can ensure that you include all the necessary components and let you know if you need to make revisions.
The votes cast in favour of the resolution must exceed the votes cast against it. In other words, a simple majority in favour of the motion shall allow the resolution to be passed.
A form of written resolutions of the directors of a company, for use where those directors wish to pass resolutions without holding a board meeting.
A shareholders' resolution can either be passed during a formal meeting of the shareholders or in writing (without holding an actual meeting). Regardless of the method, the resolutions must be passed in ance with certain statutory, and possibly contractual, requirements.
Resolutions can be passed by directors without holding a directors' meeting. These are called circulating resolutions. Check the rule book to see how this can be done. All directors entitled to vote on the resolution must sign a statement that says they are in favour of the resolution set out in the document.
Passing a special resolution without holding a meeting A proprietary company with more than one member can pass a special resolution by getting all members entitled to vote to sign a document that states they're in favour of passing the resolution. Where a partnership holds shares together, each member must sign.
The written resolution will need to describe the decision that is being proposed and how members need to respond to it. Typically, if members agree with the resolution, they will need to sign and return it.
A Board Resolution is only valid when: The meeting has been properly convened with prior intimation as per Company bylaws. The board properly holds the resolution and quorum is maintained. Duly certified and signed by the appointed chairperson.
