Products tagged with 'redemption of shares'

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Directors Resolutions Redeeming Shares | Canada

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.
$6.29

Corporate Resolutions Repurchasing Shares for Cancellation

Prepare corporate resolutions to authorize a corporation to repurchase and cancel shares from a shareholder with this easy-to-use template.

  • The shareholders consent to the repurchase and the directors authorize the transaction and set the share purchase price.
  • The file includes a Certificate of Corporate Officer certifying that the corporation is financially able to repurchase the shares and pay its debts.
  • The Corporate Resolutions Repurchasing Shares for Cancellation do not contain specific references to federal or state / provincial laws and could be used in many jurisdictions.
  • The form is available as a MS Word download and easy to fill in or customize where required.
$6.29

Stock Buy-Sell / Redemption Agreement | USA

Set out the provisions for dealing with the shares of a departing or deceased shareholder in this Stock Buy-Sell / Redemption Agreement for USA corporations.

  • The Agreement clarifies the procedure the corporation must follow for repurchasing or redeeming a departing or deceased shareholder's stock holdings.
  • Payment is secured by a promissory note and may be made over time.
  • The corporation may not declare or pay dividends, reorganize, merge, consolidate, sell any of its material assets, or increase the salary of any key employee or officer while any portion of the redemption price remains unpaid.
  • The departing shareholder must resign as a director and/or officer upon closing of the share purchase.
  • This template is available as a MS Word download and is fully editable to fit your specific circumstances.
  • Intended to be used by companies incorporated in the United States.
$12.49