Corporate Resolution Example In Philadelphia

• Category: Loans and Lending - Corporate Resolutions
• State: Multi-State
• County: Philadelphia
• Control #: US-0043-CR
• Format: Word; Rich Text

Description

The Corporate Resolution example in Philadelphia is a formal document used by corporations to authorize specific actions, such as negotiating and completing a loan agreement. This resolution outlines the individuals who are authorized to act on behalf of the corporation, including the President, Vice President, or Treasurer, and specifies the amount, interest rate, and term of the loan. It also allows for the execution of necessary agreements and the acceptance of collateral to secure the loan. This form includes a certification section for the Secretary, confirming its validity and adoption by the Board of Directors during a meeting. The utility of this form extends to various professionals, including attorneys who may need to draft or review corporate resolutions for compliance; partners and owners who seek to make significant financial decisions for their corporation; associates and paralegals who assist in preparing corporate documents; and legal assistants who manage administrative tasks related to corporate governance. Overall, this Corporate Resolution is essential for ensuring legal authority in business transactions and protecting the interests of the corporation.