Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
The Illinois File Official Papers — Resolution For— - Corporate Resolutions is a legal document used in the state of Illinois to record official resolutions passed by a corporation. This form is used to document important decisions or actions taken by a corporation's board of directors or shareholder meetings. Corporate resolutions are formal statements that outline the decisions and actions taken by a corporation, such as appointing officers, authorizing contracts, entering into agreements, approving financial transactions, or making significant changes to the corporation's operations. These resolutions provide a record of decision-making processes and help establish legal protections for the corporation. The Illinois File Official Papers — Resolution For— - Corporate Resolutions typically includes the following elements: 1. Corporation Information: The form starts with a section that requires the corporation's legal name, registered address, and contact information to identify the submitting entity. 2. Resolution Details: This section allows for the inclusion of the specific resolution being recorded. It typically includes a title or a brief description of the resolution, followed by the actual text, including the decisions made or actions authorized. 3. Effective Date: The form requires the effective date of the resolution, which is the date from which the decision or action becomes valid and enforceable. 4. Signatories: The form includes spaces for the signatures of authorized individuals who approve or attest to the resolution. These individuals may include members of the board of directors, officers, or shareholders, depending on the nature of the resolution and the corporation's bylaws. Different types of corporate resolutions that can be filed include, but are not limited to: 1. Appointment of Officers: This type of resolution is used to formally appoint or elect individuals to executive positions within the corporation, such as president, vice president, secretary, or treasurer. 2. Authorization of Contracts: This resolution authorizes the corporation to enter into contracts or agreements with other parties for various purposes, such as lease agreements, supplier contracts, or service agreements. 3. Approval of Financial Transactions: This resolution covers actions related to financial matters, such as borrowing money, issuing shares, approving dividends, or entering into mergers and acquisitions. 4. Change in Corporate Structure: Resolutions relating to changes in the company's structure, such as changing the bylaws, issuing additional shares, or amending the articles of incorporation, are also documented using this form. It is important to note that specific types of resolutions may vary depending on the unique circumstances of each corporation and the requirements set forth in their governing documents. To ensure compliance with legal and regulatory requirements, it is advisable to consult an attorney or corporate governance expert when preparing and submitting corporate resolutions using the Illinois File Official Papers — Resolution Form.
