Directors Resolution Declaring Stock Dividend

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					                               RESOLUTIONS OF THE DIRECTORS OF
                                   [NAME OF CORPORATION]
                                       (the “Corporation”)


                                         STOCK DIVIDEND

WHEREAS the directors of the Corporation have no reasonable grounds for believing that the
Corporation is, or after the payment of the dividend contemplated by this resolution would be, unable to
pay its liabilities as they become due or that the realizable value of the Corporation’s assets would be, by
the declaration or payment of the dividend contemplated by this resolution, less than the aggregate of (a)
the Corporation’s liabilities, and (b) the Corporation’s stated capital of all classes of shares of the
Corporation;

BE IT RESOLVED THAT:

1.      A stock dividend in the amount of $[dividend per share] per share ($[total dividend amount] in
        the aggregate) is hereby declared on the issued and outstanding Class “__” Shares of the
        Corporation and that the Corporation al
				
DOCUMENT INFO
Description: Prepare a Directors Resolution declaring a stock dividend to a corporation's shareholders with this easy-to-use Directors Resolution template. - The Board of Directors of the corporation declare a dividend payable on the corporation's shares of stock. - The dividend will be paid by way of issuing new shares to the shareholders on a pro rata basis (based on the ratio of their current shareholdings to the aggregate of all outstanding shares issued by the corporation). - This is a generic corporate form (not country specific). The Directors Resolution Declaring Stock Dividend template is available as a Microsoft Word download which is fully editable to meet your needs.
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