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Resolution by Board of Directors of Authorizing the Sale of Real...

Bronx New York Resolution by Board of Directors of Authorizing the Sale of Real Estate

Name: Bronx New York Resolution by Board of Directors of Authorizing the Sale of Real Estate
Brand: US Legal Forms
Rating: 4.85 (360 reviews)

Category:

Corporations - Minutes and Resolutions

State:

Multi-State

County:

Bronx

Control #:

US-1340704BG

Format:

Instant download

Description

A board resolution offers a formal way for boards to document in writing a decision that the board of directors made. Board resolutions serve as a formal, legal record of certain important decisions. A Bronx New York Resolution by the Board of Directors of Authorizing the Sale of Real Estate is an important legal document that grants permission and outlines the steps necessary for the sale of real estate within the Bronx, New York area. This resolution serves as a formal approval by the board of directors, allowing the organization or corporation to proceed with the real estate transaction. Keywords: 1. Bronx New York: Referring to the geographical location of the resolution and indicating its jurisdiction. 2. Resolution: A formal decision made by a governing body or organization, in this case, the board of directors, authorizing the sale of real estate. 3. Board of Directors: The group of individuals responsible for making high-level decisions and overseeing the operations of an organization or corporation. 4. Authorizing: Granting permission or approval for a specific action, in this case, the sale of real estate in the Bronx. 5. Sale of Real Estate: The process of transferring ownership of property, including land and buildings, in exchange for a specified amount of consideration, usually monetary. Different types of Bronx New York Resolutions by the Board of Directors of Authorizing the Sale of Real Estate may include: 1. Resolution for the Sale of Commercial Real Estate: This type of resolution would focus on authorizing the sale of commercial properties such as office buildings, retail outlets, or industrial spaces within the Bronx. 2. Resolution for the Sale of Residential Real Estate: This resolution would pertain to the sale of residential properties such as houses, apartments, or condos within the Bronx. 3. Resolution for the Sale of Vacant Land: In situations where the organization or corporation owns vacant land within the Bronx, this type of resolution would authorize its sale. 4. Resolution for the Sale of Real Estate Assets: In cases where the organization or corporation wishes to liquidate its real estate holdings, a resolution specifically addressing the sale of real estate assets, including both residential and commercial properties, may be required. Each type of resolution will differ in terms of the specific details relevant to the type of real estate being sold. However, the general structure and purpose of the resolution will remain consistent, ensuring that the sale is authorized and legally compliant.

A Bronx New York Resolution by the Board of Directors of Authorizing the Sale of Real Estate is an important legal document that grants permission and outlines the steps necessary for the sale of real estate within the Bronx, New York area. This resolution serves as a formal approval by the board of directors, allowing the organization or corporation to proceed with the real estate transaction. Keywords: 1. Bronx New York: Referring to the geographical location of the resolution and indicating its jurisdiction. 2. Resolution: A formal decision made by a governing body or organization, in this case, the board of directors, authorizing the sale of real estate. 3. Board of Directors: The group of individuals responsible for making high-level decisions and overseeing the operations of an organization or corporation. 4. Authorizing: Granting permission or approval for a specific action, in this case, the sale of real estate in the Bronx. 5. Sale of Real Estate: The process of transferring ownership of property, including land and buildings, in exchange for a specified amount of consideration, usually monetary. Different types of Bronx New York Resolutions by the Board of Directors of Authorizing the Sale of Real Estate may include: 1. Resolution for the Sale of Commercial Real Estate: This type of resolution would focus on authorizing the sale of commercial properties such as office buildings, retail outlets, or industrial spaces within the Bronx. 2. Resolution for the Sale of Residential Real Estate: This resolution would pertain to the sale of residential properties such as houses, apartments, or condos within the Bronx. 3. Resolution for the Sale of Vacant Land: In situations where the organization or corporation owns vacant land within the Bronx, this type of resolution would authorize its sale. 4. Resolution for the Sale of Real Estate Assets: In cases where the organization or corporation wishes to liquidate its real estate holdings, a resolution specifically addressing the sale of real estate assets, including both residential and commercial properties, may be required. Each type of resolution will differ in terms of the specific details relevant to the type of real estate being sold. However, the general structure and purpose of the resolution will remain consistent, ensuring that the sale is authorized and legally compliant.

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FAQ

Ordinary resolutions generally require approval of at least 50% of directors to be passed. They are usually required for important administrative matters such as signing contracts, issuing shares, electing directors, general meeting reports and auditing.

All eligible directors must either sign copies of the written resolution, or otherwise agree to it in writing. A sole director will usually make decisions by written resolution.

Corporate resolution (also known as a board resolution) is a written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation.

For example, if a company sets quorum to 2, it means that even if there are 5 directors in total, to pass a board resolution, every board meeting must be attended by at least 2 directors. Quorum requirements vary from one company to another and it mostly depends on the size of the business.

Ordinary resolutions require a simple majority vote (above 50%) to be passed. Special resolutions require at least a 75% majority vote to be passed.

In the event that a company decides to sell its property, it will require a corporate resolution to sell real estate. This is a straightforward document that cites the name of the buyer and the location of the company's property. The location of the real estate sold may be at a street address, section, block, or lot.

What is a good way to actually put forward and approve a resolution? First, the person chairing the meeting should read or state the resolution or ask someone else to do so. Depending on the sensitivity of the matter, reciting it word for word may be necessary, or simply describing its key aspects may be enough.

Private companies in the UK can consent to almost any action with a written resolution (the exceptions to this are resolutions to remove a director or auditor). Though a written resolution can pass without a formal meeting, every eligible board member must review and sign the document.

A consent phrase indicating that the resolution has been agreed upon by the board and whether it was passed with unanimous consent. If the resolution did not pass with unanimous consent, the resolution needs to state each voter's name and how they voted.

Once the board votes on and approves the board resolution, the resolution should state the date that it was approved. It should also state the location where it was approved. The board president and all board directors should sign the resolution.

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A meeting of the Board of Directors of the Greater Syracuse Property Development. Most developments and enlargements in the city are as-of-right.The MTA Finance Department is seeking Board approval to formally ratify the annexed Special Obligation Resolution Authorizing Sales. North Bronx Healthcare Network. 9. RESOLUTION authorizing the President of the New York City Health and Hospitals Corporation to name. 2, 1997 \3\ Elected Chairman of Subcommittee Mar. February 7, 2013 Board of Directors meeting, as submitted. 1) Complete all items in the attached application. The Board of Directors reserves the right to require additional evidence of financial responsibility. 00270700 Columbia University In The City Of New York.

Bronx New York Resolution by Board of Directors of Authorizing the Sale of Real Estate

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Does a resolution need to be signed by directors?

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