BOARD OF DIRECTORS' RESOLUTION FOR DISTRIBUTION OF PROCEEDS FROM SALE OF CORPORATE ASSETS
Pursuant to a duly made and seconded motion, a majority of the Board of Directors of ____________________________ (hereinafter referred to as Corporation) voted to adopt the following resolution:
RESOLVED, as the liquidation payment arising from the liquidation of said Corporation, the sum of __________ dollars per share shall be distributed to the shareholders of record of said Corporation as of the ___________ day of _________, 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, ____________________________, 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 ____________________, and that such resolution is now in full force and effect.
IN WITNESS THEREOF, I have affixed my name as Secretary of ___________________________________ Corporation and have attached the seal of ______________________________________ Corporation to this resolution.
Dated: ______________________
___________________________ Secretary
Seal: