Prepare a Directors Resolution declaring a dividend of company property with this easy template for an Ontario corporation.
- The corporation wishes to dividend certain property that it owns to the shareholders, under subsection 38(1) of the Ontario Business Corporations Act.
- The corporation will not be insolvent or unable to pay its debts and liabilities as a result of the dividend.
- The directors set the monetary value of the property dividended, based on its determined value.
The Ontario Directors Resolution Declaring Dividend of Company Property is downloadable and fully editable.
Last Updated: 23-November-2017