Corporate Resolution With Raised Seal In Orange

State:
Multi-State
County:
Orange
Control #:
US-0040-CR
Format:
Word; 
Rich Text
Instant download

Description

The Corporate Resolution with Raised Seal in Orange is a formal document adopted by the Board of Directors of a corporation to authorize specific actions such as the issuance of common stock. This resolution must clearly state the details of the meeting where it was adopted, including the date and type of meeting. It provides sections for naming individuals entitled to shares, specifying the number of shares issued, and detailing the consideration received for those shares, whether in cash or assets. It includes a certificate section for the Secretary to verify the adoption of the resolution, enhancing its legal standing. The raised seal provides additional authenticity, which is often required for formal documents. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to document corporate decisions in line with business bylaws and state regulations. Properly filling out and keeping records of this resolution ensures compliance and supports future corporate governance actions.
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FAQ

There are alternatives to a corporate seal for official documentation. ing to state corporation laws, authorized signatures, digital signatures, or embossed stamps can be used as substitutes. These alternatives have legal validity and are recognized as acceptable alternatives to a traditional company seal.

State corporation statutes continue to authorize corporations to adopt and use corporate seals. But do you really need one for your company? In California and New York, the answer is clearly “no.”

A corporate resolution document does not need to be notarized, although if it involves other transactions then those might have to be notarized. Once the document has been signed off and dated by the chairperson, vice-chairperson, corporate treasurer, and secretary, it becomes a binding document.

In California, the decision to use a corporate seal is entirely optional, as it is not a legal requirement for businesses. ing to California Corporations Code section 207(a), corporations have the flexibility to adopt, use, and even alter a corporate seal as they see fit.

That's it your company seal is ready for.MoreThat's it your company seal is ready for.

However, a seal could also take other forms, such as the word “seal” placed between brackets after a signature, or the letters “L.S.” (short for locus sigilli, meaning in “the place of the seal”) adjacent to the contracting parties' signatures.

Since the legal requirement for seals was abolished in 1989, we don't see them around much anymore. However, some businesses still like to use them, especially if they are conducting business abroad or if they wish to exude an air of old-world authority.

One or the other. While most states either require you to turn in your seal or destroy it yourself, others may require both under certain circumstances. In California, Notaries must destroy or deface their seals upon resignation, termination or revocation of their commissions.

The title of the resolution must appropriately reflect the intent. Resolutions begin with "Whereas" statements, which provides the basic facts and reasons for the resolution, and conclude with "Resolved" statements which, identifies the specific proposal for the requestor's course of action.

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Corporate Resolution With Raised Seal In Orange