A Director Resolution creates either the director's minutes or the director's resolution in lieu of meeting for any corporation or organization. A corporate resolution stock transfer is necessary before company shares are eligible for transfer from one person to another.Preparation of Initial Organizational Resolutions based on your preferences about the way you are going to run your company. For help completing this form, call 800-522-7297. EMinutes provides free templates for the most popular corporate resolutions. For more complete information, please consult BrokerCheck. Afterwards, shares would be eligible to be sold from one person to another. Copies of this corporate resolution may also be distributed to stockholders.