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Board Of Directors' Resolution Declaring A Regular Dividend
BOARD OF DIRECTORS' RESOLUTION DECLARING
A REGULAR DIVIDEND
Pursuant to a duly made and seconded motion, the Board of Directors of [Name of Corporation], hereinafter referred to as "Corporation", unanimously adopted the following resolution:
WHEREAS, there continues to be a surplus existing due to the normal business operations of said Corporation since the last quarterly report submitted by the Treasurer on the [Quarterly report], and said surplus now amounts to a total of $ [Total amount] dollars, it is hereby:
RESOLVED, that a portion of the aforementioned surplus, in the amount of $ [Amount of surplus] dollars, will be set aside for the sole purpose of paying a dividend on the common stock of this Corporation, and it is
FURTHER RESOLVED that a dividend of $ [Amount of dividend] dollars per share on all shares of common stock issued and outstanding to those shareholders who were shareholders of record on the [Date of record] will be paid by the Treasurer of said Corporation.
The undersigned, [Secretary of Corporation], certifies that he or she is the duly appointed Secretary of Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on [Date of resolution], and that such resolution is now in full force and effect.
IN WITNESS THEREOF, I have affixed my name as Secretary of [Name of Corporation] Corporation and have attached the seal of [Name of Corporation] Corporation to this resolution.
Dated: [Date signed]
Secretary