State the name of the entity as currently shown in the records of the secretary of state. Free Sample Resolution to Reacquire and Redeem Outstanding Shares.Customize and download over 70 free corporate resolutions samples. Prepare corporate resolutions to authorize a corporation to repurchase and cancel shares from a shareholder with this easytouse template. A buyback agreement is a legal document in which a business owner transfers the ownership of shares back to the company instead of selling them. This is a template for board resolutions for the repurchase of corporate stock. Therefore, approval of offmarket purchases is sought under Resolution 20 to enable share buybacks of shares on these exchanges. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the. When to Use a Corporate Resolution? The Corporation's ownership in these ventures is in the form of shares in corporate joint ventures as well as interests in partnerships.