Sba Form 160 Resolution Of Board Of Directors In Franklin
State:
Multi-State
County:
Franklin
Control #:
US-0042-CR
Format:
Word;
Rich Text
Instant download
Description
The Sba Form 160 Resolution of Board of Directors in Franklin is a formal document used by corporations to authorize the execution of a lease agreement. This resolution outlines the approval of a specific lease, including the address, term, and monthly rent, and delegates authority to corporate officers to execute the lease on behalf of the corporation. It ensures that any previous actions by the officers are ratified and confirms the legitimacy of the decisions made. Ideal for attorneys, partners, owners, associates, paralegals, and legal assistants, this form streamlines the leasing process by providing clear instructions on authority and compliance. Users are encouraged to fill in the specific details of the lease and to sign off on the resolution during a board meeting. The accompanying certificate of the secretary serves to verify that the resolution is an accurate record of the decisions made, thus aiding in maintaining proper corporate governance. This form is crucial in situations where corporate approval is necessary for binding lease agreements, ensuring that all legal requirements are satisfied.
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