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A board resolution, though not a legal document, is formal and the decisions made by the board are legally binding. Hence, it follows a particular pattern and demands a certain language in its composition. Let us first take a look into what comprises a basic Board Resolution format: Date of the Meeting.
How to fill out a resolution of the Board of Directors? Date, time, and location of the meeting. Appropriate title about the decision to be made. Statement of majority or unanimous decision. Lastly, the resolution is stated. ... Officers responsible for carrying out the resolution will be stated.
The corporate resolution for signing authority is a specific corporate resolution that authorizes specific corporate officers with the legal standing to sign contracts on behalf of the corporation.
RESOLVED, that the Board of Directors is hereby authorized and approved to authorize and empower the following individual to make, execute, endorse and deliver in the name of and on behalf of the corporation, but shall not be limited to, any and all written instruments, agreements, documents, execution of deeds, powers ...
A board resolution is sometimes called a corporate resolution or directors' resolution. Simply put, a board resolution is a formal document of a board's decision. A board of directors is the highest authority in an organization, and their decisions can have far-reaching consequences.