Ontario Corporate Resolutions to Convert Debt to Equity
Authorize a conversion of debt to equity with these corporate resolutions for an Ontario corporation.
- The directors and shareholders of the corporation resolve to cancel an existing shareholder loan.
- They then resolve to add the outstanding principal balance of the loan to the shareholder's stated capital account.
- The resolutions are made pursuant to the Ontario Business Corporations Act.
- The form is available as a downloadable and fully editable MS Word template. Other formats available by request.
Last Updated: 23-November-2017