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.