This form is used when a corporation authorized and directed to execute and deliver an Right of Way and Easement, etc., on the lands in which the corporation owns an interest.
A Montana Corporate Resolution to Authorize A Lease or Easement is a legally binding document that grants a corporation the authority to enter into a lease agreement or easement with a property owner. This resolution is typically adopted during a corporate meeting and serves as evidence of the board of directors' approval for such transactions. Keywords: Montana corporate resolution, authorize, lease, easement, property owner, corporate meeting, board of directors, approval, transactions. There are primarily two types of Montana Corporate Resolutions to Authorize A Lease or Easement: 1. Lease Authorization Resolution: This type of resolution authorizes a corporation to enter into a lease agreement with a property owner. Whether it is a commercial building, office space, or land, this resolution empowers the corporation to negotiate the terms and conditions of the lease, including rental payment, duration, maintenance responsibilities, renewal options, and any additional terms specific to the property. Keywords: lease authorization resolution, negotiate, terms and conditions, rental payment, duration, maintenance responsibilities, renewal options. 2. Easement Authorization Resolution: This resolution allows a corporation to establish an easement on a property owned by another party. An easement grants the corporation specific rights to use a portion of the property for a particular purpose or access certain resources. Common examples of easements include granting access to utility companies to maintain infrastructure or providing a right-of-way for a corporation to construct a road or lay utility lines. Keywords: easement authorization resolution, establish, use, property, access, resources, utility companies, right-of-way. Both types of resolutions typically outline the purpose for which the lease or easement is required, the individuals responsible for negotiating and executing the agreements, and any restrictions or limitations imposed by the corporation's governing documents. The resolutions should be adopted following the appropriate corporate procedures, such as a board of directors' meeting, and be documented in the corporation's official records.
