The Alaska Increase Surplus Account — Resolution For— - Corporate Resolutions is a legal document used by corporations in the state of Alaska to approve the increase of surplus account funds. This form is crucial for corporate decision-making and is important to maintain accurate financial records. The purpose of the Alaska Increase Surplus Account — Resolution For— - Corporate Resolutions is to authorize the increase in surplus account funds by detailing the proposed amount and the rationale behind the increase. The form ensures that the decision-making process is transparent and that proper governance procedures are followed. This form typically includes the following information: 1. Corporate name: The legal name of the corporation is stated at the top of the form, ensuring clarity and identification. 2. Resolution number: Each resolution is assigned a unique number, which is essential for tracking purposes. 3. Meeting details: The date, time, and location of the meeting where the resolution is passed are recorded to establish when and where the decision was made. 4. Purpose of the resolution: The purpose is stated concisely, describing the need for an increase in the surplus account funds. This could include various reasons such as expanding operations, funding capital projects, or investing in research and development. 5. Proposed amount: The desired increase in the surplus account funds is specified, including the currency and the total amount. 6. Rationale: This section provides a detailed explanation for the proposed increase. It may include financial projections, market analysis, or any other relevant data that supports the decision. 7. Approval and signatures: The form is typically signed by the authorized individuals, such as the president and secretary of the corporation. Their signatures indicate their approval and agreement with the resolution. It is worth mentioning that there could be variations or customized versions of the Alaska Increase Surplus Account — Resolution For— - Corporate Resolutions depending on the specific requirements and unique circumstances of each corporation. These variations could include different formats, additional sections, or specific language tailored to the company's needs. It is essential to consult legal professionals or corporate governance experts to ensure the proper completion and execution of this form, as adherence to corporate laws and regulations is crucial.