Sba Form 160 Resolution Of Board Of Directors In Chicago
State:
Multi-State
City:
Chicago
Control #:
US-0042-CR
Format:
Word;
Rich Text
Instant download
Description
The Sba form 160 resolution of board of directors in Chicago serves as an official document that records the decision of a corporation's board regarding the execution of a lease. This form outlines the approval of a lease agreement for a specified term and monthly payment, granting authority to designated officers to execute and deliver the lease on behalf of the corporation. Key features include the authorization for officers to perform necessary acts and the ratification of prior actions taken under the authority of the resolution. The form must be filled out with precise details such as the address of the leased space and the terms of the lease. Legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants, can use this form to ensure corporate compliance with leasing agreements and maintain proper documentation of board actions. Proper completion and certification by the secretary are crucial for the validity of the resolutions adopted. This form also provides a framework for future actions by the board, fostering clear governance and accountability.
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