Resolution
Resolution
- A Resolution is a formal statement or declaration by your
Board of Directors or shareholders in your corporate minutes regarding an item
of business that has been voted upon at a meeting or approved through a written
consent.
Corporate resolution writing should
● be simple, yet contain language sufficient to show that the board of directors exercised its fiduciary duties of care and loyalty.
● specify the voting results for each resolution.
● reflect meetings or written consents executed before or soon after the approved actions occurred rather than long after-the-fact at the annual meeting.
● meet certain other minimum content and format standards.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
Copyright © 2003-2010 LawVantage.com, LLC. All rights reserved.
Important LawVantage.com, LLC and its website, CorporateBoardMinutes.com, do not render any legal, accounting or other consulting advice.
For legal advice, you should always consult with a qualified attorney-at-law.
Website development by
Vine Design.
Corporate resolution writing should
● be simple, yet contain language sufficient to show that the board of directors exercised its fiduciary duties of care and loyalty.
● specify the voting results for each resolution.
● reflect meetings or written consents executed before or soon after the approved actions occurred rather than long after-the-fact at the annual meeting.
● meet certain other minimum content and format standards.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
Copyright © 2003-2010 LawVantage.com, LLC. All rights reserved.
Important LawVantage.com, LLC and its website, CorporateBoardMinutes.com, do not render any legal, accounting or other consulting advice.
For legal advice, you should always consult with a qualified attorney-at-law.
Website development by
Vine Design.