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CorpDocs-Board_Resolution_Declaring_Stock_Dividend _1_ by rajasheerali


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This document should be used by the Board of Directors when
declaring a stock dividend.

The following text of this document should be reviewed and
edited to fit your purposes.

[Find, then fill-in, or delete text in brackets like this: “[NNN]”

If there are dates in this document, they will automatically change to today’s date.

For additional assistance or
call 888/872-6601)

Otherwise the following text should be reviewed and edited as needed:

Upon a duly made and seconded motion the following resolution was adopted by the
unanimous vote of the Board of Directors of [COMPANY NAME]:

       WHEREAS, the financial statement of this Corporation's Treasurer reports that
       the Corporation has a surplus of [N] Dollars ($[N]) resulting from its business
       operations for the fiscal year ending on [DATE], it is hereby:

       RESOLVED, that a stock dividend be and hereby is declared in the amount of [N]
       per share of the common stock of this Corporation, and that the same shall be paid
       on [DATE], to shareholders of record as of [DATE], and it is

       FURTHER RESOLVED, that the Corporation's Treasurer is hereby authorized to
       transfer [N] Dollars ($[N]) from surplus to the capital account.

The undersigned, [N], certifies that I am the duly appointed Secretary of [COMPANY
NAME] 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], and that such resolution is now in full
force and effect.

IN WITNESS THEREOF, I have affixed my name as Secretary of [COMPANY NAME]

Dated: [DATE]


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