Generic form with which a corporation may record resolutions of the board of directors or shareholders.
Wisconsin General — Resolution For— - Corporate Resolutions refers to a legal document used by corporations in the state of Wisconsin to establish and document decisions made by the company's board of directors or shareholders. This form outlines various resolutions that are taken by the corporation and provides official documentation of these decisions. The general resolution form serves as a template that can be customized to fit the specific requirements of the corporation. It includes sections to record important details such as the name of the corporation, the date the resolution is adopted, and the individuals involved in the decision-making process. This form typically consists of several types of resolutions that can be categorized as follows: 1. Board Resolutions: These resolutions are made by the board of directors and address matters such as appointing or removing officers, approving budgets, granting authority to sign contracts, or authorizing the issuance of stocks or bonds. Examples of specific board resolutions include the authorization to enter into a merger or acquisition, the approval of significant capital investments, or the appointment of a new CEO. 2. Shareholder Resolutions: Shareholders of a corporation can also propose and pass resolutions at annual or special meetings. Shareholder resolutions can cover a wide range of topics such as changes in corporate bylaws, election of new directors, approval of major transactions, or changes in the company's structure. For example, a shareholder resolution may involve voting on the appointment of auditors or tasks such as determining executive compensation. 3. Ratification Resolutions: Ratification resolutions are meant to validate actions or decisions that were already taken by the corporation but were not properly documented or approved at the time. These resolutions serve to confirm and legalize previously undertaken actions, such as unapproved contracts, business transactions, or other corporate activities that did not comply with proper protocol. It is worth mentioning that the Wisconsin General — Resolution For— - Corporate Resolutions can be adapted and modified to suit the specific needs of individual corporations or their legal advisors. This document plays a crucial role in maintaining orderly corporate governance, ensuring compliance with legal requirements, and providing a framework for official decisions made by the corporation.
