A Arizona corporation resolution form is a legal document that directors of a corporation adopt to document consent and agreement between all relevant parties. A corporate resolution stock transfer is necessary before company shares are eligible for transfer from one person to another.This is a Board Resolution for a corporation approving the sale of restricted stock pursuant to a stock option plan. Download this document for free. A corporate resolution is a document written during a board of directors meeting detailing a corporate action taken during the meeting. Resolution has confirmed that takeover talks with Phoenix Group have terminated.