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Board Of Directors' Resolution For Distribution Of Proceeds From Sale Of Corporate Assets
BOARD OF DIRECTORS' RESOLUTION FOR DISTRIBUTION
OF PROCEEDS FROM SALE OF CORPORATE ASSETS
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:
RESOLVED, as the liquidation payment arising from the liquidation of said Corporation, the sum of $ [Liquidation payment] dollars per share shall be distributed to the shareholders of record of said Corporation as of the day of [Date of distribution], and is hereby
RESOLVED FURTHER, that the Board of Directors hereby approves the attached letter to be sent to the shareholders of said Corporation by the President announcing the liquidation 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