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Buyback Of Shares Resolution Format In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-0034-CR
Format:
Word; 
Rich Text
Instant download

Description

The Buyback of Shares Resolution Format in Fairfax is an essential document for corporations considering repurchasing their own shares. This form outlines the necessary resolutions to amend and restate the Articles of Incorporation, ensuring compliance with legal requirements. Key features include authorization for company officers to execute required documents, and a certification by the Secretary confirming the resolution's validity. The form is designed for ease of use, with clear sections for signatures and dates. It serves a critical function for professionals such as attorneys, partners, and paralegals who manage corporate governance matters. By utilizing this form, users can streamline the buyback process while maintaining corporate compliance. The clear instructions and structure make it accessible for associates and legal assistants, even those with limited experience. Overall, this resolution format is a vital tool for safeguarding the interests of both the corporation and its shareholders.
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  • Preview Change Amount of Authorized Shares - Resolution Form - Corporate Resolutions
  • Preview Change Amount of Authorized Shares - Resolution Form - Corporate Resolutions

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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.

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Buyback Of Shares Resolution Format In Fairfax