Templates
Business
Board Resolution
A formal document recording decisions made by a company's board of directors. Used for authorizing major actions such as opening bank accounts, issuing shares, or approving contracts.
Key Clauses
1
Recitals
States the purpose and background of the meeting or written consent.
2
Resolution Text
The specific action or decision being authorized by the board.
3
Authorization
Identifies officers authorized to carry out the resolution.
4
Voting Record
Documents the vote count and any dissenting opinions.
5
Effective Date
Specifies when the resolution takes effect.
Use This Template
When You Need This
- Authorizing opening a new corporate bank account
- Approving the issuance of new shares or stock options
- Formalizing approval of a major contract or partnership