Maryland Corporate Resolution (Authorize a Lease/Easement)
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FAQ
Bylaws document the rules for how the corporation shall be governed. Resolutions are prepared as needed to document important decisions and actions taken by the board of directors on behalf of the corporation.
An easement is the right that one person has to use a designated part of another person's property for a specific purpose, such as the extension of a water or sewer line across part of your property.
A corporate resolution documents the actions the board of directors makes. This written document helps improve honesty, transparency, and ensures that the board of directors acts in the corporation's best interest by giving the shareholders insight into the board's decisions.
Unlike LLCs, corporations are required to make resolutions. Therefore, they are used to preparing them when shareholders or the board of directors make decisions. Although an LLC is not required to make resolutions, there are many reasons for getting in the habit of maintaining resolutions.
A corporate resolution is an official document adopted by a corporation's board of directors or shareholders that records a formal decision or action taken by the corporation.
A resolution is a formal way in which a company can note decisions that are made at a meeting of company members. There are two types of resolutions: ordinary and special. Under the Corporations Act 2001, most of the decisions that affect a company need to be made by a resolution.
