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Make Assignment For Benefit Of Credit
MAKE ASSIGNMENT FOR BENEFIT OF CREDITORS
WHEREAS, the Corporation is insolvent and indebted to numerous creditors, and
WHEREAS, it is in the best interests of creditors as well as the Corporation to liquidate the assets of the Corporation through an assignment for the benefit of creditors; be it
RESOLVED, that the Corporation make a general assignment for the benefit of creditors, naming as assignee [Name of Assignee].
The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of the corporation above-named. The undersigned also certifies that this corporation has been duly formed in accordance with the laws of [Jurisdiction]. Furthermore, the undersigned certifies that the foregoing is a true record of a resolution duly adopted at a meeting of the Board of Directors, and that said meeting was held in accordance with the applicable laws and the Bylaws of the above-named Corporation on [Date], and that said resolution is now in full force and effect without modification or rescission.
IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation on [Date]
A True Record.
Attest.
Secretary