Directors Resolutions to Grant a Mortgage | Canada
Before a Canadian corporation can grant a mortgage to a lender, the Board of Directors must pass these resolutions to approve the action.
- The directors authorize the corporation to mortgage certain property to a lender as security for a loan, an operating line or other amounts advanced by the lender to the corporation.
- This downloadable template can be used by corporations incorporated under the Canada Business Corporations Act or under any provincial Business Corporations Act.
- A French language translation may be required for use in Quebec.
- The Directors Resolution to Grant Mortgage form for Canada is a fully editable and easy-to-use MS Word template.
Last Updated: 06-May-2021