Form with which the corporation officially records the result of a vote of shareholders and officers of the corporation.
Pennsylvania Certificate of Corporate Vote - Corporate Resolutions
State:
Multi-State
Control #:
US-0094-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Certified True Copy (CTC) of a Board resolution is a physical document, which has to be printed on the letter head of the Company, affirming the outcome of a particular resolution that has been passed by the Board of Directors who have consented and approved in their duly convened meeting.
Corporate resolutions do not have to be notarized. It becomes legally binding because of the parties' signatures, such as the board members or shareholders.
The articles of incorporation and corporate resolutions aren't the same. Articles of incorporation document establish the existence of a corporation, while a corporate resolution records the actions and decisions of a corporation's board of directors.
Who should sign the board resolution? It must be signed by two directors with the rubber seal/stamp of the company with a quorum at a Board Meeting. In the case of a one person company, the board resolution for the opening of a bank account can be signed by the sole director and shareholders.
The Resolution should state the name of the person authorized to sign the contract. If the Resolution only states the title of the officer so authorized, a Certification by a corporate officer must be provided certifying that the individual signing the contract held that office at the time the contract was signed.
In order to prepare and execute a certified board resolution, the secretary of the corporation should follow these procedures: Review the corporate by-laws. ... The chairperson will call the meeting to order. ... The chairperson will call for a vote on the issue before the board. The vote will be taken.
Corporate resolution (also known as a board resolution) is a written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation.
