The Resolution of the Board of Directors is a legal document for corporations that outlines the authorization of common stock issuance in exchange for capital or assets. Specifically addressing capital for stock price in Fulton, this form allows the board to record decisions made at meetings regarding stock issuance to individuals for cash payments or asset transfers. Key features include sections for detailing the shareholders, shares allotted, and payment for the issued stock. Filling instructions guide users to provide the specific names, number of shares, and the consideration received. The resolution must be signed by multiple directors to validate the decision. Utility of the form is significant for attorneys, partners, owners, associates, paralegals, and legal assistants, as it ensures compliance with corporate governance requirements, facilitates record-keeping, and enforces transparency in financial transactions. This document is essential for formalizing stock transactions, thereby supporting corporate capital growth and stability.