The Maine Resolution of the Board of Directors Regarding Execution of Lease is a legal document that outlines the board's decision and authorization to execute a lease agreement on behalf of a corporation or organization located in the state of Maine, United States. This resolution is typically passed during a board meeting and serves as an official record of the board's decision-making process. The resolution will contain relevant keywords such as "Maine," "Resolution," "Board of Directors," "Execution of Lease," and "Lease Agreement." These keywords help identify the specific purpose and nature of the document. The document may have different types or variations based on the specific circumstances or requirements of the lease agreement. Some possible examples include: 1. General Resolution: This is a broad resolution that grants the board authority to execute any lease agreement in Maine on behalf of the organization. It does not specify any particular lease agreement and is often used as a standard authorization. 2. Specific Lease Resolution: This resolution is tailored to a specific lease agreement, identifying the property, terms, and parties involved. It provides a detailed overview of the lease and grants the board authority to execute that specific agreement only. 3. Land Lease Resolution: If the lease involves the use of land, such as for commercial or industrial purposes, this resolution focuses specifically on authorizing the board to execute land lease agreements in Maine. 4. Equipment Lease Resolution: This variation of the resolution is specifically designed for leasing equipment or assets. It empowers the board to execute equipment lease agreements on behalf of the organization. In each case, the resolution will typically include essential details, such as the name of the organization, the date of the resolution, the board members present, a statement of authority, and the specific lease agreement to be executed. It is important to note that the specific content and types of Maine resolutions may vary depending on the organization's bylaws, state laws, or any specific requirements outlined within the lease agreement itself. Consulting legal counsel or following established procedures is recommended to ensure compliance and accuracy.
Maine Resolution of the Board of Directors Regarding Execution of Lease
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A Board Resolution is a formal document that helps to identify the roles of corporate offices and the result of any votes or decisions the board makes regarding the company. Usually, they are written when a new member is voted into the board.
Certified Resolution means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification.
Some basic information a resolution should include is the name of the corporation; the date of the board meeting when the resolution was approved; and the names of the board members who attended the meeting, or a statement that all board members or a quorum were present.
All Resolved clauses within a resolution should use the objective form of the verb (for example, Resolved, that the American Library Association (ALA), on behalf of its members: (1) supports...; (2) provides...; and last resolved urges....") rather than the subjunctive form of the verb (for example, Resolved,
The properly filled-out form must contain the following information:The name of the organization;The maximum and minimum loan amounts;The names, titles, and signatures of four officers referred to this Resolution;The place of the meeting during which the Resolution was adopted;The exact date of that meeting;More items...?
A board resolution serves as a legal record and offers a formal way for boards to document in writing a decision that the board of directors made. Boards should keep resolutions and certifications with their official books or meeting minutes.
Elements of a Certified Board ResolutionExplanation of the action being taken by the board of directors and the reason for doing so. Name of the secretary. Legal name of the corporation and state of incorporation. Names of the board of directors voting for approval of the resolution.
How to Write a ResolutionFormat the resolution by putting the date and resolution number at the top.Form a title of the resolution that speaks to the issue that you want to document.Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas.More items...?