Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Buyback Of Shares Resolution Format In Fairfax
State:
Multi-State
County:
Fairfax
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The buyback contract must be approved by a resolution of the shareholders. An ordinary resolution will normally suffice, unless the articles require a higher majority, and the company may implement the share buyback at any time after the shareholder resolution approving the buyback contract is passed.
The buyback contract must be approved by a resolution of the shareholders. An ordinary resolution will normally suffice, unless the articles require a higher majority, and the company may implement the share buyback at any time after the shareholder resolution approving the buyback contract is passed.
Resolutions of the board of directors authorizing and approving a reporting company's stock repurchase program. These resolutions are drafted as standard clauses and should be inserted into board minutes or a form of unanimous written consent.