BOARD OF DIRECTORS' RESOLUTION FOR DISTRIBUTION OF PROCEEDS FROM SALE OF CORPORATE ASSETS
RESOLVED, that the sum of [N] Dollars ($[N]) per share shall be distributed to the shareholders of record of this Company as of [DATE], as a liquidation payment, and RESOLVED FURTHER, that the Board of Directors hereby approves of the attached letter, which is to be sent to the shareholders of this Company by the President of this corporation, announcing the liquidation of this Corporation. 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] Corporation.
Dated: [DATE]
____________________ Secretary