A corporate resolution stock transfer is necessary before company shares are eligible for transfer from one person to another. Resolution to approve share transfer.Approve Share Transfer. The Board also approved the transfer of 44,000 shares from Mr. Prakash to an unnamed transferee. Edit, sign, and share shares resolution online. No need to install software, just go to DocHub, and sign up instantly and for free. To effect an action authorized under section 21.155, the corporation must file with the secretary of state a statement regarding the establishment of shares. This is a template for a board resolution for contribution of assets or shares from a Texas corporation to a wholly owned subsidiary. I'm transferring or selling my ownership interest in a limited liability company, corporation or limited partnership. Prepare a Director's Resolution to approve a share transfer with this free template for Canadian business corporations.