Company Resolution

Key facts and main terms 3 of 6

Resolution Content

What has been decided?

Type of Resolution

Ordinary Resolution Requires > 50% majority (Standard matters)

Special Resolution Requires > 75% majority (Foundational matters)

Subject Matter

This becomes the "Heading" of the resolution.

Wording of Resolution

Example: "The board hereby resolves that XYZ is appointed as the authorized representative to open a bank account with ABC Bank."

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3 of 6 Key facts and main terms