Directors Resolution for Shareholder Cash Call | Canada
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.
- This is a downloadable and fully editable Microsoft Word form.
- The Resolution template can be used in any Canadian jurisdiction with a Business Corporations Act.
Last Updated: 23-February-2021