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Document Id : 189
File Type : Microsoft Word
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USA Directors Resolution to Sell Shares in Subsidiary
Authorize the sale of shares in a subsidiary by a USA corporation with this Directors Resolution to Sell Shares in Subsidiary.
- The Board of Directors authorizes the president to enter into a stock purchase agreement in order to sell shares that the corporation holds in one of its subsidiaries.
- The sale is not being contemplated in order to defeat the corporation's creditors.
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