Resolution For Shares Consolidation In Salt Lake
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This document is for use where all shareholders agree to sign a resolution approving a share issue. If the share issue is not being approved by unanimous resolution of shareholders, use our template directors' resolutions to approve share issues.
A special resolution must be passed by at least 75% of the votes cast by shareholders of the company entitled to vote on the resolution and who vote at the meeting in person or by proxy (if proxies are allowed). The sole shareholder of a company may pass a resolution by recording and signing their decision.
There are two main types of shareholders' resolution: 'ordinary' and 'special'. An ordinary resolution is passed by a simple majority of members, while a special resolution requires not less than 75% of the total voting rights of eligible members.
Shareholders holding at least $2,000 worth of stock in a publicly-traded company for at least three years prior to the filing deadline can introduce a resolution to company management to be voted on at the next annual meeting.
You do not always need to have a meeting to pass a resolution. If enough shareholders or directors have told you they agree, you can usually confirm the resolution in writing. You must write to all shareholders letting them know about the outcome of a resolution.
