The New Hampshire Dividend Policy — Resolution For— - Corporate Resolutions is a legal document that outlines the specific guidelines and procedures a corporation must follow when declaring and distributing dividends to its shareholders. This form is utilized by corporations registered in the state of New Hampshire and is important to ensure that the dividend distribution process is conducted in a fair and transparent manner. The New Hampshire Dividend Policy form typically contains various sections, including: 1. Statement of Purpose: This section defines the purpose of the resolution form, which is to establish guidelines for the declaration and distribution of dividends to shareholders. 2. Definitions: In this section, important terms such as "dividends," "shareholders," "record date," and "payment date" are defined clearly to avoid any ambiguity or confusion. 3. Dividend Declaration Process: This part outlines the steps the corporation must follow to declare dividends. It includes determining the amount of dividend, considering any legal restrictions or financial conditions, and setting the record date, which determines which shareholders are entitled to receive dividends. 4. Dividend Distribution Process: Here, the resolution form details the procedures to be followed for distributing dividends. It covers the payment method, such as electronic transfer or physical checks, and specifies the payment date, which is the day on which the dividends will be disbursed to the eligible shareholders. 5. Reserves and Retained Earnings: This section addresses the corporation's policy regarding the use of reserves and retained earnings for dividend distribution. It explains whether dividends may be paid only from the corporation's accumulated profits or if they can also be distributed from reserves. 6. Amendment or Termination: The form includes provisions for amending or terminating the dividend policy resolution. It specifies the process for seeking approval from the board of directors and shareholders for any changes to the policy. Different types of New Hampshire Dividend Policy — Resolution Form— - Corporate Resolutions may exist, depending on the specific requirements of each corporation. Some variations may include: 1. Regular Dividend Policy: This form covers the standard procedures followed by the corporation for declaring and distributing regular dividends on a periodic basis, such as quarterly or annually. 2. Extraordinary Dividend Policy: This type of form is used when a corporation plans to declare and distribute a one-time or special dividend outside its regular dividend schedule. It may require additional approval from the board of directors or shareholders. 3. Interim Dividend Policy: In situations where a corporation wishes to distribute dividends before its scheduled regular dividend declaration, an interim dividend policy form is utilized. This form clarifies the process for declaring and distributing interim dividends. Overall, the New Hampshire Dividend Policy — Resolution For— - Corporate Resolutions ensures that corporations in New Hampshire adhere to legal requirements and establish clear guidelines for dividend declarations and distributions, promoting transparency and fairness in the corporate governance system.