Alabama Uniform Form of Corporate Resolution

• Category: Alabama Secretary of State - Blue Sky - General
• State: Alabama
• Control #: AL-SOS-GEN-U-2A
• Format: Word

Description

Uniform Form of Corporate Resolution The Alabama Uniform Form of Corporate Resolution is a document used to formally record the decisions made by the board of directors of a corporation. This document must be signed by a majority of the board of directors, attested by the corporate secretary, and kept in the corporate records. The resolution should include the purpose of the resolution, the specific action being taken, and the date of the resolution. The Alabama Uniform Form of Corporate Resolution is typically used when a corporation needs to approve the issuance of new stock, elect officers, authorize the sale of assets, or take other major decisions. There are three types of Alabama Uniform Form of Corporate Resolution: (1) Special Resolution, (2) Ordinary Resolution, and (3) General Resolution. A Special Resolution requires the approval of at least two-thirds of the board of directors and is usually used for major actions such as the amendment of the Articles of Incorporation or the dissolution of a corporation. An Ordinary Resolution requires the approval of a majority of the board of directors and is typically used for regular business decisions. A General Resolution requires unanimous approval of the board of directors and is used for major decisions that require a higher level of approval.

The Alabama Uniform Form of Corporate Resolution is a document used to formally record the decisions made by the board of directors of a corporation. This document must be signed by a majority of the board of directors, attested by the corporate secretary, and kept in the corporate records. The resolution should include the purpose of the resolution, the specific action being taken, and the date of the resolution. The Alabama Uniform Form of Corporate Resolution is typically used when a corporation needs to approve the issuance of new stock, elect officers, authorize the sale of assets, or take other major decisions. There are three types of Alabama Uniform Form of Corporate Resolution: (1) Special Resolution, (2) Ordinary Resolution, and (3) General Resolution. A Special Resolution requires the approval of at least two-thirds of the board of directors and is usually used for major actions such as the amendment of the Articles of Incorporation or the dissolution of a corporation. An Ordinary Resolution requires the approval of a majority of the board of directors and is typically used for regular business decisions. A General Resolution requires unanimous approval of the board of directors and is used for major decisions that require a higher level of approval.