Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
Corporate Resolution Form For Buying A Car In Chicago
State:
Multi-State
City:
Chicago
Control #:
US-0036-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
A corporate resolution document does not need to be notarized, although if it involves other transactions then those might have to be notarized. Once the document has been signed off and dated by the chairperson, vice-chairperson, corporate treasurer, and secretary, it becomes a binding document.
Definition: A corporate resolution is a legal document that records the actions a board of directors takes on behalf of the corporation. Uses: Some specific actions documented in corporate resolutions include selling stock or hiring an executive-level employee, but there are many more.
A resolution is required to record a formal decision, whether made during a meeting or through a written process without holding a meeting. The company's constitution should be consulted to determine if written resolutions are permissible for the specific decision.
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.
The board is the highest authority governing an organization. No matter how frequent, its decisions must be appropriately recorded through board resolutions to make the board's decisions and actions transparent to stakeholders.
What should corporate resolutions include? Your corporation's name. Date, time and location of meeting. Statement of unanimous approval of resolution. Confirmation that the resolution was adopted at a regularly called meeting. Resolution. Statement authorizing officers to carry out the resolution.
A corporate resolution is a written document created by the board of directors of a company detailing a binding corporate action. A board of directors is a group of people that act as a governing body on behalf of the shareholders of a company.