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Sample Corporate Resolution Adopt a Fiscal Year. Acquire Assets of a Business. Acquire Shares of Stock. Adopt a Trade Name. Approve a Reorganization Plan under Chapter 11 of the Bankruptcy Code. Appoint a Purchasing Agent. Assign a Lease. Authorize Borrowing on a Line of Credit.
Once you have finalized your corporate resolution, the person who brought the decision to the board or whoever will be charged with enacting it must sign. This is generally a board member or a corporate secretary.
Hear this out loud PauseCorporate resolution (also known as a board resolution) is a written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation.
It creates a record of major decisions by the shareholders or the board of directors. Every business needs to make important decisions, and a free corporate resolution template can help you make those decisions correctly. Legal Templates can help you create a corporate resolution that fits your company.
Outlined below is a detailed description of the process to guide you to produce legally binding corporate resolution documents. Step 1: Write the Company's Name. ... Step 2: Include Further Legal Identification. ... Step 3: Include Location, Date and Time. ... Step 4: List the Board Resolutions. ... Step 5: Sign and Date the Document.