The Resolution of the Board of Directors form is designed for corporations in Nassau to document the issuance of common stock. This form includes a resolution adopted by the Board during a regular or special meeting, emphasizing key features such as the acknowledgment of consideration received for stock issuance. Users must fill in various details, including names, share allocations, and the amount of consideration for issued shares. This form allows for the transfer of assets, both tangible and intangible, in exchange for stock, which is specified in accompanying exhibits. Legal professionals, such as attorneys and paralegals, will find this document essential for compliance with corporate bylaws and state regulations regarding stock issuance. Corporation owners and partners can utilize this form to formalize stock transactions and ensure legal protection for both the company and shareholders. Associates and legal assistants will benefit from understanding the proper filling and editing instructions to maintain accuracy and completeness in the documentation process.