Board Resolution Declaring Dividends

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					Board Resolution Declaring
Dividends
This Board Resolution Declaring Dividends is a template that can be used when a
corporation’s board of directors wants to declare dividends. Dividends are a voluntary
distribution of profits to the shareholders of a corporation that can only be distributed if
they are in the best interests of the corporation. It is vital to properly document any
board resolution, particularly dividends, to ensure corporate formalities are followed.
This document is ideal for small businesses or corporations that want to declare
dividends.
               ACTIONS TAKEN BY THE UNANIMOUS WRITTEN CONSENT

                                  OF THE BOARD OF DIRECTORS OF

              __________________________ [Instructions: Insert the Corporation’s name]

                         Dated: ____________________ [Instructions: Insert the date]

The following action is hereby taken by unanimous written consent of the Board of Directors
(the “Board”) of __________________________ [Instructions: Insert the Corporation’s
name] (hereinafter referred to as the “Corporation”), a ________________________
[Instructions: Insert the state where the Corporation is incorporated] corporation, pursuant
to the provisions of Section ___________ [Instructions: Insert the section number] of the
___________. [Instructions: Insert the statute name] [Comment: In California, this would
be Section 307(b) of the California Corporations Code. This Statute is particular to the
laws of the State of California as pertains to corporations. If you have formed or are
forming a corporation in another State you should determine the statute that is particular
to the state of your corporation. Or better yet, you should review whether a similar
document for your corporation’s state is available for purchase on Docstoc, because it
might have other or additional particular provisions that are specific and applicable to the
laws of that state.]

This action is taken in lieu of a special meeting of the Corporation’s Board scheduled for
____________________________. [Instructions: Insert the date of the meeting]

WHEREAS, the Board considered declaring a dividend to the shareholders of the Corporation.

WHEREAS, having considered all relevant factors, including the financial reports of the
Corporation, the Board considers it to be in the best interests of the Corporation that the
Corporation declares a dividend of ___________ Dollars ($____) [Instructions: Insert the
dividend amount] per share of Common Stock.

NOW THEREFORE, BE IT RESOLVED, that the Corporation declares a dividend of
___________ Dollars ($____) [Instructions: Insert the dividend mount] per share of Common
Stock to shareholders of record as of ________________, [Instructions: Insert the date]
payable on ____________________, [Instructions: Insert the payable date] subject to
compliance with applicable law.

FURTHER RESOLVED, that the officers of this Corporation be, and each acting alone is,
hereby authorized and directed, in the name of and on behalf of the Corporation, to do and
perform any and all acts, including the execution of any and all documents, instruments or
certificates, as such officers deem necessary or advisable in order to carry out the purpose and
intent of the foregoing resolutions.




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FURTHER RESOLVED, that any actions taken by such officers prior to the date of the
foregoing resolutions adapted hereby, that are within the authority conferred thereby are hereby
ratified confirmed and approved as the acts and deeds of this Corporation.


Dated: _____________________________ [Instructions: Insert the date]


DIRECTOR

_____________________________
_____________________________ [Instructions: Insert the name of the signatory]


DIRECTOR

_____________________________
_____________________________ [Instructions: Insert the name of the signatory]


DIRECTOR

_____________________________
_____________________________ [Instructions: Insert the name of the signatory]

DIRECTOR

_____________________________
_____________________________ [Instructions: Insert the name of the signatory]




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DOCUMENT INFO
Description: This Board Resolution Declaring Dividends is a template that can be used when a corporation’s board of directors wants to declare dividends. Dividends are a voluntary distribution of profits to the shareholders of a corporation that can only be distributed if they are in the best interests of the corporation. It is vital to properly document any board resolution, particularly dividends, to ensure corporate formalities are followed. This document is ideal for small businesses or corporations that want to declare dividends.