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Document Id : 185
File Type : Microsoft Word
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Canada Directors Resolution for Shareholder Cash Call
Pass a motion for a cash call on the shareholders of a Canadian corporation with this template Directors Resolution to Authorize Shareholder Cash Call.
- A cash call would be necessary to finance the corporation's operations if its current financial status makes it difficult or impossible to obtain conventional financing from a bank.
- The Board of Directors resolves to go to the shareholders to request an influx of operating capital.
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