Form with which a corporation may resolve to authorize an officer or representative to loan a specific amount of funds to another party.
Corporate Resolutions Meaning In Michigan
State:
Multi-State
Control #:
US-0043-CR
Format:
Word;
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A corporate resolution is a legal document that outlines actions a board of directors will take on behalf of a corporation. Put simply, the initial resolution shows how the corporation acts in between its formation and the adoption of its internal governing documents (your bylaws).General Guidelines - A resolution should contain "supporting arguments" and its intent should be clearly defined. It should be free of errors of fact and law.