Generic form with which a corporation may record resolutions of the board of directors or shareholders.
The Virginia General — Resolution For— - Corporate Resolutions is a legal document utilized by corporations in the state of Virginia to record and document the decisions and actions taken by the corporation's board of directors or shareholders. This form serves as official evidence of the unanimous agreement or consent of the board or shareholders regarding specific matters or resolutions. The form typically includes essential information such as the corporation's name, date of the resolution, the names and titles of directors or shareholders present, and a detailed description of the resolution itself. It outlines the purpose, context, and specifics of the decision made, providing a clear record of the corporate action taken. Specifically, this form is used to document various types of corporate resolutions, including but not limited to the following: 1. Regular Board Meeting Resolutions: These resolutions are passed during the corporation's routine board meetings and address various matters such as approving financial statements, appointing officers or directors, or ratifying contracts. 2. Special Board Meeting Resolutions: Special board meetings are called for addressing particular or urgent matters requiring the board's attention and decision-making. Resolutions passed under these circumstances might include approving significant contracts, mergers, acquisitions, or the acceptance of funding proposals. 3. Shareholder Meeting Resolutions: When important decisions require the approval of shareholders, a resolution is drafted, discussed, and voted upon during a shareholder meeting. Examples of shareholder resolutions can include amendments to the corporation's bylaws or articles of incorporation, changes in the corporation's capital structure, or the election of directors. 4. Written Consent Resolutions: In some cases, a corporation may bypass a physical meeting by obtaining written consent from all directors or shareholders. This type of resolution is often used when circumstances do not permit a meeting or when it is difficult to gather all parties in one place. The written consent resolution is then documented using the Virginia General — Resolution For— - Corporate Resolutions. It is important to note that the specific content and format of the resolution may vary depending on the corporation's bylaws, the nature of the decision, and the Virginia state laws. Therefore, it is advisable to consult legal counsel or refer to Virginia's corporate laws for guidance and compliance when drafting and using this form.
