Shareholder Resolution Template

SHAREHOLDER RESOLUTION TEMPLATE FAQ

What is a shareholder resolution?

A Shareholder Resolution is a formal written record of decisions made by a corporation’s shareholders. Shareholder approval is typically required for major corporate actions such as electing directors, approving mergers, amending articles, authorizing significant asset sales, or approving certain share issuances.

When do shareholders need to approve something?

It depends on corporate law, the company’s charter/bylaws, and the type of action. Common examples include: electing or removing directors, approving fundamental changes (merger, dissolution), amendments to formation documents, and certain equity or asset transactions. This template is a general format to document those approvals.

What should be included in a shareholder resolution?

Include: corporation name, date, meeting or written consent format, quorum, share/vote counts, the action being approved, the vote outcome, and a certification by the corporate secretary or authorized officer. This template includes both meeting and written consent options.

Does this need to be notarized?

Usually not, but some transactions or counterparties may request notarization. This template includes an optional notary section.

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