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Document Id : 1040
File Type : Microsoft Word
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Ontario Directors Resolution Declaring Dividend of Company Property
Prepare a Directors Resolution Declaring Dividend of Company Property for an Ontario corporation with this easy-to-use template.
- The corporation wishes to dividend certain property that it owns to the shareholders, under subsection 38(1) of the Ontario Business Corporations Act.
- The corporation will not be insolvent or unable to pay its debts and liabilities as a result of the dividend.
- The directors set the monetary value of the property dividended, based on its determined value.
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