The Resolution of the Board of Directors document is designed for a corporation to formally authorize the issuance of stock. It outlines the conditions under which common stock is issued, including the specific payment received or assets transferred for shares. Essential features include a section for listing individuals receiving shares, the number of shares granted, and their corresponding consideration. Filling instructions involve entering the corporation's name, the date of the meeting, and specific details pertaining to the issuance, such as names and amounts received. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate governance and stock issuance. It ensures compliance with corporate bylaws and provides a formal record of decisions made by the board. The resolution format promotes clarity and transparency in stock transactions, making it easier for users to execute and document equity distributions.