Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Buyback Of Shares Resolution Format In Cook
State:
Multi-State
County:
Cook
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
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FAQ
Resolutions of the board of directors authorizing and approving a reporting company's stock repurchase program. These resolutions are drafted as standard clauses and should be inserted into board minutes or a form of unanimous written consent.
To undertake a stock buyback, a company typically announces a “repurchase authorization,” which details the size of the repurchase, either in terms of the number of shares it might buy, a percentage of its stock or, most typically, a dollar amount.