A Rhode Island Corporate Resolution for Sale of Real Estate is a legally binding document that authorizes a corporation to sell real property it owns. This resolution is typically used when the corporation has made the decision to sell a piece of real estate, such as a building, land, or any other type of property. The resolution outlines the details of the sale, including the identification of the property, the terms and conditions of the sale, and the authorization given to specific individuals within the corporation to execute the sale on behalf of the corporation. It is a formal document that signifies the corporation's consent and agreement to the sale transaction. There are different types of Rhode Island Corporate resolutions for the sale of real estate, depending on the specific circumstances and requirements of the corporation. Some common types include: 1. General Corporate Resolution for Sale of Real Estate: This is a broad resolution that grants the authority to a designated corporate officer, such as the president or CEO, to sell any real estate owned by the corporation. 2. Specific Corporate Resolution for Sale of Real Estate: This resolution is tailored to a specific property and authorizes the sale of that particular real estate. It may also outline any specific conditions or requirements for the sale of the property. 3. Board of Directors' Resolution for Sale of Real Estate: This type of resolution is typically required when the sale involves a significant amount of money, or when it is a major strategic decision for the corporation. It requires the approval of the board of directors, who must collectively pass a resolution authorizing the sale. 4. Shareholder Resolution for Sale of Real Estate: In certain cases, the sale of real estate may require the approval of the shareholders of the corporation. This type of resolution is passed during a shareholder meeting or through written consent, and it authorizes the sale based on the majority of shareholder votes. It is important to note that the specific contents and requirements of a Rhode Island Corporate Resolution for Sale of Real Estate may vary depending on the corporation's bylaws, articles of incorporation, and any other relevant governing documents. It is always advisable to consult with a legal professional to ensure compliance with the specific regulations and requirements of Rhode Island corporation law.