Corporate resolutions are formal actions and decisions of a corporate, approved by the Board of Directors. Such resolutions are necessity during numerous situations, for covering of specific transactions. These resolutions are in the form of legal documents, voted at the meeting of Board of Directors.
The resolution can also be termed as Corporate Actions, which exerts same legally binding effect as an action taken during a duly called meeting. If it deemed necessary and permitted by bylaws and state laws, the directors of board can use a written document for waving formal notice of a meeting and unanimously consent to a resolution.
The resolution can be on any subject such as, General Resolution, Resolution Approving Sale of Assets, authorizing Annual Dividend, Authorizing Appointment of Lawyer, Accountant, Authorizing Bonus, Authorizing Bonus, Authorizing Benefits Plans, Authoring Stock options, Authorizing expenses and so on.
Below given Corporate Board Resolution to Appoint an Attorney can guide you while drafting and making your own company Resolutions:
Resolution to Appoint an Attorney
WHEREAS, the Corporation requires the services of an attorney for its general legal affairs, be it:
RESOLVED, that the Corporation, for its general legal needs, appoints the law firm of__________ as its general counsel; such appointment being further upon those terms as set forth in the proposed terms of engagement annexed hereto or upon such generally prevailing rates as are customarily charged by said attorney/firm.
The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of ________,a corporation duly formed pursuant to the laws of the state of__________and that the foregoing is a true record of a resolution duly adopted at a meeting of the________and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on ____________,and that said resolution is now in full force and effect without modification or rescission.
IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation this, of __________.