Generic form with which a corporation may record resolutions of the board of directors or shareholders.
Corporate Resolution With Raised Seal In Virginia
State:
Multi-State
Control #:
US-0031-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Action without meeting. A. Action required or permitted by this chapter to be taken at a shareholders' meeting may be taken without a meeting if the action is taken by all the shareholders entitled to vote on the action, in which case no action by the board of directors shall be required.
In short, your company can obtain a corporate seal, but in California and New York there is no legal or practical reason to do so.
§ 46.2-853. Driving vehicle which is not under control; faulty brakes. A person shall be guilty of reckless driving who drives a vehicle which is not under proper control or which has inadequate or improperly adjusted brakes on any highway in the Commonwealth.
Any person, whether or not then a director, may provide that a consent to action as a director shall be effective at a future time, including the time when an event occurs, but such future time shall not be more than 60 days after such provision is made.
Each corporation other than a public service company, a banking corporation, an insurance corporation, a savings institution, or a credit union shall have power to enter into partnership agreements, joint ventures, or other associations of any kind with any person or persons.
Corporate seals in the past were imprinted on wax upon a document. As time passed, rubber stamps were preferred and today, most corporate seals are embossed upon a document. Although no longer required, the corporate seal still retains a sense of authenticity and a mark of identity for a corporation.
State corporation statutes continue to authorize corporations to adopt and use corporate seals. But do you really need one for your company? In California and New York, the answer is clearly “no.”
Common seal means the metallic seal of a company which can be affixed only with the approval of the Board of directors of the company. It is the signature of the company to any document on which it is affixed and binds the company for all obligations undertaken in the document.
Steps to Write a Corporate Resolution Write the Company's Name. Indicate Further Legal Identification. Include Location, Date, and Time. List the Board Resolutions. Sign the Document and Write the Document.
Having a seal affixed to a document can help prevent fraud, as someone attempting to use a counterfeit document presumably would not have access to the corporate or company seal. Using a seal makes the corporation's or LLC's documents stand out.
