This required section requests information for the title, and indicates whether the action will be taken by the Board of Directors, the Shareholders, or both. Press [Ctrl+F1] for more information.
This optional section provides for the election of Directors by consent. Generally, the Directors are elected by the Shareholders each year. Press [Ctrl+F1] for more information.
This optional section provides for the election of Officers. Generally, the newly elected Board of Directors elects Officers, such as president, vice president, secretary and treasurer. Press [Ctrl+F1] for more information.
This optional section reflects a summary of reports which required no formal vote. Such reports may be made by various officers, directors, or other personnel. Press [Ctrl+F1] for more information.
This optional section reflects the adoption of various corporate documents or plans. Press [Ctrl+F1] for more information.
This optional section describes the approval of all the actions of the Directors, Officers, Employees and Agents of the corporation. Press [Ctrl+F1] for more information.
This optional section provides for the approval of financial statements. The highlights of the financial statements may be also summarized if desired. Press [Ctrl+F1] for more information.
This optional section reflects the approval of salaries of officers and other employees. Press [Ctrl+F1] for more information.
This optional section reflects the approval of bonuses payable to officers and/or other employees, including the amount of the bonuses. Press [Ctrl+F1] for more information.
This optional section reflects the approval of the payment of Director's fees. Press [Ctrl+F1] for more information.
This optional section reflects the approval of contributions to the corporation's profit sharing plan. It may be important to show such approval for income tax purposes. Press [Ctrl+F1] for more information.
This optional section reflects approval of the payment of dividends. Press [Ctrl+F1] for more information.
This optional section reflects approval to issue shares of stock. Press [Ctrl+F1] for more information.
This optional section reflects authority to borrow money on behalf of the Corporation. Press [Ctrl+F1] for more information.
This optional section authorizes the Officers to open bank accounts. Corporate approval is required to open an account at a new bank or establish a banking relationship. Press [Ctrl+F1] for more information.
This optional section provides for the authorization of other specific corporate actions. (For example, to enter a lease, purchase an asset, or establish an employee benefit). Press [Ctrl+F1] for more information.
This optional section provides a "free-form" paragraph to record other corporate matters not covered by any of the preceding options. Press [Ctrl+F1] for more information.
This required section provides signature lines for the Directors, Stockholders, and/ or other persons who will be signing on behalf of the corporation. Press [Ctrl+F1] for more information.
Arial
Times New Roman
Unanimous Consent
CORACT
The Unanimous Consent document is used to record the official actions taken by a board of directors and/or shareholders of a corporation by unanimous consent without a meeting (rather than during a formal meeting).
! ! ! ! ! !
Enter an an X if there are additional directors.
Enter an X to include additional officers.
Enter an X to include additional reports.
Enter an X to include additional salaries.
Enter an X to include bonus information for additional officers and employees.
! Opening Section (1 of 18)
CORPORATE ACTION BY CONSENT OF THE
! [Unanimous consent option] As permitted by law, the undersigned
!, being all of the ! of the above corporation, unanimously adopt the following corporate action(s) without a meeting.
! [Percentage option] As permitted by law, the undersigned !being ! percent of the ! of the the above corporation, consent to the adoption of the following corporate action(s) without a meeting.
Enter the type of group (for example, "BOARD OF DIRECTORS") that took the action. This document is intended for use by small corporations who take corporate action by the written consent of the Directors and/or Stockholders in lieu of minutes that would record corporate action taken during a formal meeting.
Enter the corporate name or use the P.I. Manager to select and paste a record. Use capital letters to enter the corporate name as it appears in the incorporation documents, and not an abbreviation or variation of the name. It will be centered when printed or previewed.
Enter an X if the corporate action was taken by unanimous consent, rather than by a percentage less than 100%. Most corporations who take action without a formal meeting, require 100% approval. However, the corporate laws of many states only require 90% approval.
Enter the type of persons (for example, "Directors") who will be acting on behalf of the corporation.
Enter an X if the corporate action was taken by a percentage of less than 100%, rather than by unanimous consent. For example, if corporate action was taken by 90%.
Enter the percentage that was required to take the corporate action. For example, "90" percent.
! Optional Election of Directors Section (2 of 18)
!. ELECTION OF DIRECTORS. The following persons were elected as directors for the terms provided in the bylaws:
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
! [To include additional directors.]
Enter an X if there was an election of directors. Usually, directors are elected at the annual Shareholder's meeting. Some states do not require small corporations to have directors.
Enter the name of the Director or use the P.I. Manager to select and paste a record.
Enter an X to include the duration of the Director's term.
Enter the length of the Director's term. For example, "one year" or "3 quarters".
Enter an X to include the Director's address.
Enter the Director's street address or edit the information as desired.
Enter the Director's extended street address or edit the information as desired.
Enter the Director's city or edit the information as desired.
Enter the Director's state/province or edit the information as desired.
Enter the Director's zip/postal code or edit the information as desired.
Enter an an X to include the country in which the Director resides, if outside the United States.
Enter the country or edit the information as desired.
Enter an X to add another Director's name.
Enter an an X if there are additional directors.
! Continuation Election of Directors Section (2 of 18)
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
! Term: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
This section provides for the continuation of the election of directors.
Enter the name of the Director or use the P.I. Manager to select and paste a record.
Enter an X to include the duration of the Director's term.
Enter the length of the Director's term. For example, "one year" or "3 quarters".
Enter an X to include the Director's address.
Enter the Director's street address or edit the information as desired.
Enter the Director's extended street address or edit the information as desired.
Enter the Director's city or edit the information as desired.
Enter the Director's state/province or edit the information as desired.
Enter the Director's zip/postal code or edit the information as desired.
Enter an X to include the country in which the Director resides, if outside the United States.
Enter the country or edit the information as desired.
Enter an X to add another Director's name.
! Optional Election of Officers Section (3 of 18)
!. ELECTION OF OFFICERS. The following officers were elected:
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
! [To include additional officers.]
Enter an X if there was an election of officers. Generally, the newly elected Board of Directors elects officers of the corporation. You should review the corporation's bylaws for additional provisions that may apply to the election of officers.
Enter the name of the Officer or use the P.I. Manager to select and paste a record.
Enter the name of the office (position) to which the Officer was elected.
Enter an X to include the address of the Officer.
Enter the Officer's street address or edit the information as desired.
Enter the Officer's extended street address or edit the information as desired.
Enter the Officer's city or edit the information as desired.
Enter the Officer's state/province or edit the information as desired.
Enter the Officer's zip/postal code or edit the information as desired.
Enter an X to include the country in which the Officer resides, if outside the United States.
Enter the country or edit the information as desired.
Enter an X to add an Officer's name.
Enter an X to include additional officers.
! Continuation Election of Officers Section (3 of 18)
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
Name: !
Office: !
! Address:
Street 1: !
Street 2: !
City: !,
State: !
Zip Code: !
! Country: !
This section provides for the continuation of the election of officers.
Enter the name of the Officer or use the P.I. Manager to select and paste a record.
Enter the name of the office (position) to which the Officer was elected.
Enter an X to include the address of the Officer.
Enter the Officer's street address or edit the information as desired.
Enter the Officer's extended street address or edit the information as desired.
Enter the Officer's city or edit the information as desired.
Enter the Officer's state/province or edit the information as desired.
Enter the Officer's zip/postal code or edit the information as desired.
Enter an X to include the country in which the Officer resides, if outside the United States.
Enter the country or edit the information as desired.
Enter an X to add an Officer's name.
! Optional Reports Section (4 of 18)
!. REPORTS.
Report by !.
! reported that
Report by !.
! reported that
Report by !.
! reported that
! [To include additional reports.]
Enter an X if "information only" reports were presented by various officers, directors, or other personnel. "Information only" reports do not require formal action (a vote).
Enter the name of the person who provided the report, or use the P.I. Manager to select and paste a record.
Enter a brief description of what was reported.
Enter an X to include an additional report.
Enter an X to include additional reports.
! Optional Reports Section (4 of 18)
Report by !.
! reported that
Report by !.
! reported that
Report by !.
! reported that
! To include additional reports.
This section provides for additional reports by various officers, directors, or other personnel.
Enter the name of the person who provided the report or use the P.I. Manager to select and paste a record.
Enter a brief description of what was reported.
Enter an X to include an additional report.
Enter an X to include additional reports.
! Optional Reports Section (4 of 18)
Report by !.
! reported that
Report by !.
! reported that
Report by !.
! reported that
This section provides additional reports by various officers, directors, or other personnel.
Enter the name of the person who provided the report or use the P.I. Manager to select and paste a record.
Enter a brief description of what was reported.
Enter an X to include an additional report.
! Optional Adoption of Documents Section (5 of 18)
[The content of the listed documents and plans is beyond the scope of this program. It is recommended that legal counsel be consulted regarding the preparation of appropriate documentation for any of the following items.]
!. ADOPTION OF DOCUMENTS/PLANS. The attached documents/plans were adopted:
! - Bylaws
! - Amended Articles of Incorporation
! - Restated Articles of Incorporation
! - Plan of Reorganization
! - Plan of Liquidation
! - Plan for Sale of Corporate Assets
! - Plan for Purchase of Assets
! - !
! - !
! - !
Enter an X if any of the listed documents or plans were adopted.
Enter an X if Bylaws were adopted.
Enter an X if Amended Articles of Incorporation were adopted.
Enter an X if Restated Articles of Incorporation were adopted.
Enter an X if a Plan of Reorganization was adopted.
Enter an X if a Plan of Liquidation was adopted.
Enter an X if a Plan for Sale of Corporate Assets was adopted.
Enter an X if a Plan for Purchase of Assets was adopted.
Enter an X to provide the title of some other plan or document that was adopted.
Enter the title of the other plan or document that was adopted.
! Optional Approval of Actions Section (6 of 18)
!. APPROVAL OF CORPORATE ACTION. The actions and undertakings of the directors, officers, employees, and agents of the corporation were approved with respect to:
! - All actions subsequent to the last meeting of the
! - Compensation paid to the officers during the past year.
! - Transactions between the corporation and related entities, including ! ! ! !
! - Transactions between the corporation and its shareholders and/or officers.
! - The purchase of
! ! ! ! ! !
! - ! ! ! ! ! !
! - ! ! ! ! ! !
Enter an X if the actions of the Directors, Officers, Employees, and Agents of the corporation were approved.
Enter an X if the actions of the corporation's Directors, Officers, Employees, and Agents since the last meeting were approved. The other listed actions represent typical actions that are approved as part of the annual Directors and/or Shareholder's meetings.
Enter the type of group.
Enter an X if corporate actions regarding compensation paid to the Officers during the past year were approved.
Enter an X if corporate actions regarding transaction(s) between the corporation and related entities were approved.
Briefly describe the transaction(s) between the corporation and related entities which were approved.
Enter an X if corporate actions regarding transactions between the corporation and its Shareholders and/or Officers were approved.
Enter an X if corporate action regarding the purchase of a significant asset was approved. For example, the purchase of a "new computer system" or "the warehouse at 606 Vine Street."
Enter a short description of the asset purchased. For example, the purchase of a "new computer system" or "the warehouse at 606 Vine Street."
Enter an X if other corporate actions were approved.
Enter a brief description of the corporate action approved.
Enter an X if other corporate actions were taken.
Use this space to further describe the other corporate action taken.
! Optional Financial Statements Section (7 of 18)
!. FINANCIAL STATEMENT PRESENTATION. The financial statements for the ! ending !, as prepared by
! the corporation's officers,
! the corporation's treasurer, !,
! the corporation's accountant(s), !,
were approved.
! Highlights of the financial statements included:
Enter an X if the financial statements were reviewed and/or approved. The highlights of the financial statements may also be summarized.
Enter the time period (for example, "year") covered by the financial statements.
Using the format MM/DD/YYYY, enter the ending date of the financial statements.
Enter an X if the financial statements were prepared by the corporation's Officers.
Enter an X if the financial statements were prepared by the corporation's Treasurer.
Enter the name of the corporate Treasurer or use the P.I. Manager to select and paste a record.
Enter an X if the financial statements were prepared by an outside accountant or an accounting firm.
Enter the name of the Accountant or Accounting Firm or use the P.I. Manager to select and paste a record.
Enter an X if the financial statements were prepared by a person(s) or company not listed above.
Enter the name of the person(s) or company who prepared the financial statements.
Enter an X to include highlights of the financial statements. For example, it may be desirable to have the minutes reflect the "total sales", "net income", or the amounts of "equipment purchased".
Use this space to describe the highlights of the financial statements.
! Optional Salary Section (8 of 18)
!. SALARIES. Salaries for officers and other employees were established
! in accordance with the attached schedule.
! as follows:
Name: !
Title: !
Amount: $! per !
Name: !
Title: !
Amount: $! per !
Name: !
Title: !
Amount: $! per !
Name: !
Title: !
Amount: $! per !
Name: !
Title: !
Amount: $! per !
! [To include additional salaries.]
Enter an X if the salaries of officers and employees were approved. It may be important to establish the salaries of officers and key employees. While this type of action is usually taken by directors, it may also be approved by shareholders.
Enter an X if a list of the salaries will be attached as a part of the minutes. For example, this option might be selected if a list of salaries has already been prepared. The "Exhibit" document can be used for this purpose.
Enter an X to list the approved salaries in the minutes.
Enter the name of the Officer or Employee or use the P.I. Manager to select and paste a record.
Enter the person's employee title.
Enter the amount of salary approved for the time period (for example, "60,000" per year, or "8.00" per hour).
Enter the time period (for example, "year").
Enter an X to enter information regarding the approval of salary information for another officer or employee.
Enter an X to include additional salaries.
! Continuation Salary Section (8 of 18)
Name: !
Title: !
Amount: $! per !
Name: !
Title: !
Amount: $! per !
Name: !
Title: !
Amount: $! per !
Name: !
Title: !
Amount: $! per !
Name: !
Title: !
Amount: $! per !
This section provides for the approval of salaries for additional officers and/or other employees.
Enter the name of the Officer or Employee or use the P.I. Manager to select and paste a record.
Enter the person's employee title.
Enter the amount of salary approved for the time period (for example, "60,000" per year, or "8.00" per hour).
Enter the time period (for example, "year").
Enter an X to enter information regarding the approval of salary information for another officer or employee.
! Optional Bonus Section (9 of 18)
!. BONUSES. Employee and/or officer bonuses for the ! ended !, were approved
! as shown on the attached schedule.
! as follows:
Name: !
Title: !
Amount: $!
Name: !
Title: !
Amount: $!
Name: !
Title: !
Amount: $!
Name: !
Title: !
Amount: $!
Name: !
Title: !
Amount: $!
! [To include additional bonuses.]
Enter an X if bonuses for officers and employees were approved. While this type of action is usually taken by directors, it may also be approved by shareholders.
Enter the time period for which the bonuses were approved.
Using the format MM/DD/YYYY, enter the ending date of the period.
Enter an X if a list of the bonuses will be attached as a part of the minutes. For example, this option might be selected if a list of salaries has already been prepared. The "Exhibit" document can be used for this purpose.
Enter an X to list the approved bonuses in the minutes.
Enter the name of the Officer or Employee or use the P.I. Manager to select and paste a record.
Enter the Officer's or Employee's title or edit the information as desired.
Enter the amount of bonus approved for the time period (for example, "1,000").
Enter an X to enter information regarding the approval of salary information for another officer or employee.
Enter an X to include bonus information for additional officers and employees.
! Continuation Bonus Section (9 of 18)
Name: !
Title: !
Amount: $!
Name: !
Title: !
Amount: $!
Name: !
Title: !
Amount: $!
Name: !
Title: !
Amount: $!
Name: !
Title: !
Amount: $!
This section provides for the approval of bonuses payable to additional officers and/or other employees.
Enter the name of the Officer or Employee or use the P.I. Manager to select and paste a record.
Enter the Officer's or Employee's title or edit the information as desired.
Enter the amount of bonus approved for the time period (for example, "1,000").
Enter an X to enter information regarding the approval of salary information for another officer or employee.
! Optional Director's Fees Section (10 of 18)
!. DIRECTOR'S FEES. Director's fees of $! per ! per director were approved.
Enter an X if director's fees were approved. Generally, the Shareholders approve the payment of director's fees. Press [Ctrl+F1] for more information.
Enter the amount of director's fees approved for the time period. For example, "20,000" per year, or "100" per meeting.
Enter the time period. For example, "year" or "meeting".
! Optional Plan Contribution Section (11 of 18)
!. CONTRIBUTION TO PROFIT SHARING PLAN. A contribution to the corporation's profit sharing plan was approved in an amount equal to
! $!.
! ! percent of the corporation's net income for the year ended !.
Enter an X if a contribution to the corporation's profit sharing plan was approved. It may be important to show such approval for income tax purposes.
Enter an X if the contribution was a fixed amount (for example, $25,000).
Enter the amount of the approved contribution.
Enter an X if the contribution was a percentage of the corporation's net income. For example, "8" percent of the corporation's net income for the year ended March 31, 1995.
Enter the percentage of the corporation's net income to be contributed to the profit sharing plan.
Using the format MM/DD/YYYY, enter the ending date of the period.
Enter an X if the contribution to the profit sharing plan is based on some other method of calculation.
Explain the method of calculating the contribution to the corporation's profit sharing plan.
! Optional Dividend Payment Section (12 of 18)
!. DIVIDENDS. The payment of dividends to the stockholders of record on ! was approved
! in the amount of $! per share.
! in accordance with the attached schedule.
! as follows:
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
Name: !
Shares: !
Dividend: $!
TOTAL: Shares: !
Dividend: $!
Enter an X if action was taken regarding the payment of dividends.
Using the format MM/DD/YYYY, specify the "record date". The "record date" is an arbitrary date set by the corporation; persons who held stock on that date receive the dividends.
Enter an X if the dividend is a specific amount per share. For example, $1.25 per share.
Enter the specific amount that will be paid per share.
Enter an X if a list of the dividends will be attached to the minutes. This option might be selected if a list of Shareholders receiving dividends has already been prepared. The "Exhibit" document can be used for this purpose.
Enter an X to list the approved dividends in the minutes.
Enter the name of the Shareholder or use the P.I. Manager to select and paste a record.
Enter the number of shares owned by the Shareholder.
Enter the total amount of the dividend the Shareholder will receive.
Enter an X to include additional Shareholder's names, number of shares to be issued, and the amount to be paid for the shares.
The program calculates the total number of shares based on information entered in this section. You may modify this information by returning to the particular field.
The program calculates the total dollar amount for the shares based on the information entered in this section. You may modify this information by returning to the particular field.
! Optional Issuance of Stock Section (13 of 18)
!. ISSUANCE OF STOCK. The issuance of stock was approved
! as shown on the attached schedule.
! as follows:
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
Name: !
Shares: !
Amount: $!
TOTAL: Shares: !
Amount: $!
Enter an X if the issuance of stock was approved. Press [Ctrl+F1] for more information.
Enter an X if a list of shareholders to be issued stock will be attached to the minutes. This option might be selected if such a list has already been prepared. The "Exhibit" document can be used for this purpose.
Enter an X to list the Shareholders to be issued stock, the number of shares to be issued, and the amount to be paid for the shares.
Enter the name of the Shareholder or use the P.I. Manager to select and paste a record.
Enter the number of shares owned by the Shareholder.
Enter the total amount that will be paid for the stock.
Enter an X to include additional shareholder's names, number of shares to be issued, and the amount to be paid for the shares.
The program calculates the total number of shares based on information entered in this section. If desired, you may modify this information by returning to the particular field.
The program calculates the total dollar amount for the shares based on the information entered in this section. If desired, you may modify this information by returning to the particular field.
! Optional Borrowing Resolution Section (14 of 18)
!. BORROWING RESOLUTION. The corporation was authorized to borrow
! up to a maximum of $!
! such amounts as the officers deem advisable
from !
! The form of resolution by the above lender was adopted and a copy is attached.
! The attached resolution states the names of the persons who are authorized to request loan advances.
! The officers
! Only the following officer(s):
! - !
! - !
! - !
are authorized to take all actions and to sign all documents reasonably needed to carry out this loan transaction.
Enter an X if the corporation was authorized to borrow money. As part of the process of obtaining a loan, a lending institution will usually require evidence of approval by the Directors (and/or Shareholders) for the corporation to borrow money. Press [Ctrl+F1] for more information.
Enter an X if the corporation was authorized to borrow a specific amount (for example, $20,000).
Enter the authorized amount.
Enter an X if the corporation is authorized to borrow up to a specific amount. For example, the Officers can borrow up to a maximum of $20,000.
Enter the maximum amount that the Officers are authorized to borrow without further approval of the Board of Directors and/or Shareholders.
Enter an X if the corporation is authorized to borrow such amounts as the Officers decide is appropriate. This option provides more flexibility to the Officers, but also includes more risk to the Directors and/or Shareholders.
Enter the name of the person or lending institution from which the Officers are authorized to borrow money.
Enter an X if a borrowing resolution form was presented to those present at the meeting and this form will be attached to the minutes. A lending institution usually requires that its form be the one adopted by the corporation.
Enter an X if the attached borrowing resolution states the names of the Officers or Employees who are authorized to request loan advances from the lending institution. Often, the lending institution will require this information.
Enter an X if all officers are authorized to carry out the loan transaction.
Enter an X if only certain officers are authorized to carry out the loan transaction.
Enter an X to specify an officer's name.
Enter the name of the Officer or use the P.I. Manager to select and paste a record.
! Optional Banking Resolution Section (15 of 18)
!. ESTABLISH BANKING RELATIONSHIP. The officers are authorized to open accounts with !
! The form of resolution as provided by the bank was adopted and a copy is attached.
! The attached bank form resolution states the names of the persons who are authorized to sign checks and drafts.
Enter an X if a resolution was adopted that authorize the Officers to open bank accounts. Corporate approval is required to open an account at a new financial institution or take other steps to establish a banking relationship.
Enter the name of the financial institution where the new account is to be opened.
Enter an X if the bank's standard form of resolution is attached. Often, the financial institution will provide the form of the resolution that should be approved.
Enter an X if the bank's standard form states the names of the Officers or Employees who are authorized to sign checks.
! Optional Authorization of Action Section (16 of 18)
!. AUTHORIZATION OF CORPORATE ACTION. The officers
! and directors
were authorized to take all actions and to sign all documents reasonably needed to:
- Enter into lease arrangements for the lease of ! !
! A copy of the lease is attached.
- Purchase !
! as reflected in the attached explanation.
- Establish a group health plan
! as reflected in the attached explanation.
- Establish a life insurance plan
! as reflected in the attached explanation.
- Establish a pension plan
! as reflected in the attached explanation.
- Establish a disability insurance plan
! as reflected in the attached explanation.
- ! !
- ! !
- ! !
- ! !
- ! !
Enter an X if other actions were authorized, such as a lease, purchase, or establishment of an employee benefit. These possible actions may be approved by the Directors and/or the Shareholders.
Enter an X if the Directors, as well as the Officers, were authorized to take these actions as necessary.
Enter an an X if the Officers were authorized to enter lease agreement(s).
Briefly describe the leased premises.
Enter an an X if a copy of the lease is attached to the minutes. It is recommended that a copy be attached to the minutes to evidence the terms and conditions which were approved.
Enter an X if the Officers were authorized to purchase certain assets. For example, "the assets of ABC Company".
Use this space to describe the type of purchase.
Enter an X if a written explanation of the purchase is attached to the minutes.
Enter an X if the Officers were authorized to establish a group health insurance plan. A written description of the plan should be attached to the minutes. This description can be obtained from the insurance company or its agent.
Enter an X if a written description of the plan is attached to the minutes.
Enter an X if the Officers were authorized to establish a life insurance plan. A written description of the plan should be attached to the minutes. This description can be obtained from the insurance company or its agent.
Enter an X if the Officers were authorized to establish a pension plan. A written description of the plan should be attached to the minutes.
Enter an X if the Officers were authorized to establish a disability insurance plan. A written description of the plan should be attached to the minutes. This description can be obtained from the insurance company or its agent.
Enter an X if the Officers were authorized to take other actions not listed above.
Enter a description of other actions the Officers were authorized to take.
! Optional Free-Form Section (17 of 18)
!. !. !
!. !. !
!. !. !
!. !. !
!. !. !
Enter an X to include a "free-form" paragraph. This paragraph may be used to document special corporate actions not covered by any of the preceding options.
Enter the title of the optional paragraph.
Enter the information to be included in the optional paragraph.
Enter an X to include another optional paragraph.
! Signature Section (18 of 18)
[Note: The signatures of all directors and shareholders who are taking action by unanimous consent are required.]
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