Virginia Corporate Resolution to Authorize A Lease or Easement

State:
Multi-State
Control #:
US-OG-647
Format:
Word; 
Rich Text
Instant download

Description

This form is used when a corporation authorized and directed to execute and deliver an Right of Way and Easement, etc., on the lands in which the corporation owns an interest.

How to fill out Corporate Resolution To Authorize A Lease Or Easement?

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FAQ

The corporate resolution for signing authority is a specific corporate resolution that authorizes specific corporate officers with the legal standing to sign contracts on behalf of the corporation.

A corporate resolution generally involves major decisions such as the changing of ownership structure, voting in of new board members, or the sale of company shares. A corporate resolution is also generally used to authorize people to access corporate funds, sign checks and acquire loans on behalf of the corporation.

Corporate resolutions are formal declarations of major decisions made by a corporate entity. The resolutions are used to determine which corporate officers are legally able to sign contracts, make transfers or assignments, sell or lease real estate, and make other important decisions that bind the corporation.

A corporate resolution is a formal declaration made by a board of directors that officially records specific decisions that are material to a business. These resolutions are passed by the board, officially recorded by a corporate secretary and filed among a company's official records.

Unlike LLCs, corporations are required to make resolutions. Therefore, they are used to preparing them when shareholders or the board of directors make decisions. Although an LLC is not required to make resolutions, there are many reasons for getting in the habit of maintaining resolutions.

The actual statement of the Resolution must contain the exact wording from the resolution the Board reviewed, voted on and adopted. Any variation from the official wording may invalidate the Resolution. The contract must be signed exactly as the name is stated on the Resolution.

Resolutions of Authority name an individual that is authorized to act on behalf of a Corporation, Partnership, or Company. Complete ONLY the Resolution which matches the structure of the business.

Examples of corporate resolutions include the adoption of new bylaws, the approval of changes in the board members, determining what board members have access to certain finances, such as bank accounts, deciding upon mergers and acquisitions, and deciding executive compensation.

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Virginia Corporate Resolution to Authorize A Lease or Easement