Legal Forms

Prepare a Directors Resolution to authorize the issuance of new shares in a Canadian business corporation with this easy-to-use template.

Every time shares are issued in a corporation, the directors must approve the issuance. You can re-use this Directors Resolution template every time, by inserting the details in the spaces provided.

Purpose of Directors Resolution

The directors accept the subscriptions for new shares and authorize the corporation to issue share certificates to the subscribers upon payment of the share price.

Format and Jurisdiction

This is a downloadable MS Word template. The form can be used by any privately owned corporation incorporated under a Business Corporations Act within Canada.

Prepare a Directors Resolution authorizing the issue of new shares of stock with this free template for USA corporations.

• Each time the corporation receives a subscription for shares of stock, the issue of the shares must be approved by the directors.
• The Board resolves to accept the subscription and once the share price is paid, the corporate secretary is authorized to issue a stock certificate.
• You can re-use this template every time a new share issue needs to be approved.
• The USA Directors Resolution form for issuing new shares can be used by any company incorporated in the United States that has share capital.

Ratify a past resolution of a corporation's directors with this free downloadable Directors' Resolution template for U.S. profit corporations.

• Occasionally a corporate resolution will go missing from the Minute Book. The directors can remedy the situation by ratifying all of the past resolutions.
• Download this free template Resolution and have it signed by the Board.
• Available in MS Word format.

Prepare a Directors' Resolution to reissue shares following a name change with this free template for Canadian corporations.

• When a corporate entity changes its name following an amalgamation, merger or otherwise, the previously issued and outstanding shares must be cancelled and new shares issued under the new name.
• This requires the authorization of the directors by way of a resolution.
• This corporate resolution template can be used in any province or territory of Canada which has a Business Corporations Act in effect.
• Available in MS Word format.

Remove a corporate officer from office and appoint a successor with this Directors Resolution to Remove Officer.

• The Resolution must be passed by a majority of the directors of the corporation.
• The file also includes a Notice to Officer which must be sent to the officer being removed, informing him/her that he/she has been removed from office.
• This Directors Resolution to Remove Officer form does not contain country-specific references and can be used in most U.S. states and Canadian provinces.
• The form is available as a downloadable and fully editable MS Word document.

Fix the salary of a corporate officer at a specific amount with this Directors' Resolution template for Canadian corporations.

• This is a free downloadable form in MS Word format.
• Fully editable and reusable.
• This Resolution template can be used by companies incorporated under any provincial or federal Business Corporations Act.

Fix the salary of a corporate officer at a specific amount with this free Directors Resolution template for US corporations.

Download the free MS Word file or just copy and paste the following text into a new document.

RESOLUTIONS OF THE DIRECTORS OF ___________________ (insert name of corporation)
(the "Corporation")

SALARY OF ______________ (insert name of officer)

BE IT RESOLVED THAT the salary of ____________________ (insert name), as ______________ (insert position) of the Corporation, is hereby fixed at the sum of ___________________ (insert number in words) DOLLARS ($______) (insert amount) per month, commencing the ____ day of ____________, _______,and continuing until the further action of this Board of Directors.

The undersigned, constituting all members of the Board of Directors of the Corporation, hereby adopt the foregoing resolutions.

DATED at ___________________ (insert city, state) this _____ day of ______________, 20____..


_______________________________
Signature of Director


_______________________________
Signature of Director

[Add sufficient signature lines for all directors.]

Prepare a resolution of the board to form an audit committee with this easy to use template form for USA corporations.

• The Board of Directors will pass resolutions to:
  • formally establish the audit committee and appoint the committee members,
  • mandate how committee meetings will be held,
  • set out how the committee will carry out its duties,
  • establish a procedure for committee reports to be made to the Board.
• These Directors Resolutions can be used throughout the United States.
• The template is available in MS Word format and is editable and reusable.

Before a Canadian corporation can redeem any of its issued shares, the action must be authorized by a Resolution of the Directors.

• Use this easy downloadable template to prepare the Resolution form.
• By passing the Resolution, the Board of Directors authorizes the redemption of shares from a shareholder.
• The shares will be redeemed provided that the corporation determines that redeeming the shares would not render the corporation unable to meet its liabilities.
• A resolution for redemption of shares also requires the consent of the shareholders.
• This corporate template can be used by federal corporations and by any provincial corporation which was formed under a Business Corporations Act. A French language translation is required for use in Quebec.

Pass resolutions to form an audit committee with this set of Directors' Resolutions for a Canadian corporation.

• The resolutions deal with all matters relevant to the formation of the committee, including:
  • appointing the members of the audit committee,
  • determining how and when the committee will meet,
  • establishing how the audit committee will carry out its duties, and
  • setting procedures for the committee's reports to the Board.
• These template resolutions can be used by any business corporation incorporated under a Business Corporations Act throughout Canada, including the federal Act.