The Oregon Increase Surplus Account — Resolution For— - Corporate Resolutions is a legal document used by corporations in the state of Oregon to document the decision and authorization of increasing the surplus account of the corporation. This form is typically used for the purpose of increasing the company's surplus funds, which can be used for future investments, business expansion, or any other financial needs of the corporation. The form captures essential details related to the corporation, including the company's name, address, and identification number. It also includes sections to identify the specific resolution being passed, such as the resolution number, a brief description of the resolution, and the date of the resolution. The main content of the form revolves around the resolution itself. It outlines the decision to increase the surplus account, providing details such as the current amount of the surplus account, the proposed increase amount, and the purpose or reason behind the increase. This section may also include any restrictions or conditions associated with the increase, if applicable. Moreover, the form requires the signature of the company's authorized representative or director as well as the date of the signature. This ensures that the resolution is properly authorized and acknowledged by the corporation. Different types of Oregon Increase Surplus Account — Resolution For— - Corporate Resolutions may exist based on the specific resolutions being passed. For instance, there could be variations that pertain to increasing the surplus account for different purposes, such as capital stock purchases, debt repayments, or distributions to shareholders. These variations may include additional sections or fields to capture the necessary information specific to the related resolution. It is important to note that this description provides a general overview of the Oregon Increase Surplus Account — Resolution For— - Corporate Resolutions and its purpose. The actual form may have variations, details, or specific requirements based on the unique circumstances of each corporation. It is always recommended consulting legal professionals or experts in order to properly understand and complete this form in compliance with Oregon law and regulations.
Oregon Increase Surplus Account - Resolution Form - Corporate Resolutions
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How to Write a ResolutionFormat the resolution by putting the date and resolution number at the top.Form a title of the resolution that speaks to the issue that you want to document.Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas.More items...?
The title of the resolution must appropriately reflect the intent. Resolutions begin with "Whereas" statements, which provides the basic facts and reasons for the resolution, and conclude with "Resolved" statements which, identifies the specific proposal for the requestor's course of action.
A resolution can be made by a corporation's board of directors, shareholders on behalf of a corporation, a non-profit board of directors, or a government entity.
Types of Corporate Resolutions A resolution might outline the officers that are authorized to act (trade, assign, transfer or hedge securities and other assets) on behalf of the corporation. The resolution would outline who is authorized to open a bank account, withdraw money, and write checks.
All Resolved clauses within a resolution should use the objective form of the verb (for example, Resolved, that the American Library Association (ALA), on behalf of its members: (1) supports...; (2) provides...; and last resolved urges....") rather than the subjunctive form of the verb (for example, Resolved,
A corporate resolution form is used by a board of directors. Its purpose is to provide written documentation that a business is authorized to take specific action. This form is most often used by limited liability companies, s-corps, c-corps, and limited liability partnerships.
When you create a resolution to open a bank account, you need to include the following information:The legal name of the corporation.The name of the bank where the account will be created.The state where the business is formed.Information about the directors/members.More items...
How To Write a Corporate Resolution Step by StepStep 1: Write the Company's Name.Step 2: Include Further Legal Identification.Step 3: Include Location, Date and Time.Step 4: List the Board Resolutions.Step 5: Sign and Date the Document.
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