Resolutions - General
What this document covers
The Resolutions - General form is a formal document used by the Board of Directors of a corporation to approve specific actions or decisions during a meeting. This form ensures that resolutions are officially acknowledged and documented in accordance with corporate by-laws. It differs from other documents by specifically noting the resolutions adopted by the Board or Shareholders, emphasizing their collective agreement on key corporate actions.
Key components of this form
- Identification of the corporation and business structure.
- Date and details of the meeting where the resolutions were adopted.
- The specific resolutions or actions approved by the Board of Directors or Shareholders.
- Signatures of the Directors or Shareholders affirming the resolutions.
- A certification section for the Secretary to formally record the adoption of the resolutions.
Situations where this form applies
This form is typically used after a regular or special meeting of the Board of Directors or Shareholders where important decisions are made. Examples include approving financial reports, authorizing corporate actions, electing officers, or initiating a plan of dissolution. It is essential for maintaining accurate and legal records of corporate governance.
Intended users of this form
- Corporation Directors and Shareholders seeking to document resolutions.
- Corporate secretaries responsible for maintaining official records.
- Business owners who need to formalize decisions in compliance with corporate by-laws.
Instructions for completing this form
- Identify the corporation, including its name and type of business structure.
- Enter the date of the meeting and details of the discussions held.
- Clearly state the resolutions or actions that have been approved.
- Gather signatures from the Directors or Shareholders present at the meeting.
- Have the Secretary of the corporation complete the certification section.
Does this document require notarization?
This form does not typically require notarization unless specified by local law. However, it's recommended to check any specific requirements in the applicable jurisdiction to ensure compliance and legality.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to date the resolution accurately.
- Not including all necessary signatories.
- Omitting specific details of the resolution, making it unclear.
- Not maintaining a copy in the corporate records after completion.
Why use this form online
- Convenient access to legal templates that can be downloaded and customized.
- Easy modification of the document to suit your specific corporate needs.
- Time-saving and efficient way to ensure compliance with legal formalities.
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FAQ
There is no length requirement for resolutions, and they can be as long or as short as needed.Like every legal document, resolutions need to be signed and dated by the members of the board as they would do with minutes of meetings.
Directors' decisions made by written resolution must be unanimous. This means that all eligible directors, i.e. those entitled to vote, must vote for the same view on a matter.All eligible directors must either sign copies of the written resolution, or otherwise agree to it in writing.
SBA Form 160, Resolution of Board of Directors is a form issued by the Small Business Administration (SBA) and filed with SBA Business Expansion loans - including Direct, Guaranteed, or Participation loans.
A board resolution is sometimes also called a corporate resolution. It's a formal document that solidifies in writing important decisions that boards of directors make. Boards usually write up board resolutions when they appoint new directors to the board.
Format 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.
Unless otherwise specified in the company's constitution, directors can pass a resolution without a meeting if all directors sign a document stating that they are in favour of the resolution.
Furthermore, the corporate secretary or another officer of the corporation not the person given the signing authority must sign the corporate resolution certification. The resolution must also contain the exact wording of the resolution authorized by the board.
A board resolution is a legally binding action or decision taken by directors at a board meeting.These minutes ensure that the company has a written account of the proceedings of the meeting, including the discussions held and any resolutions, proposed, rejected, or passed.
A board resolution, though not a legal document, is formal and the decisions made by the board are legally binding.
