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Form #1298

BOARD OF DIRECTORS RESOLUTION ACCEPTANCE OF OFFER TO PURCHASE SHARES

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BOARD OF DIRECTORS RESOLUTION ACCEPTANCE OF OFFER TO PURCHASE SHARES


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BOARD OF DIRECTORS RESOLUTION

ACCEPTANCE OF OFFER TO PURCHASE SHARES

 

 

A written offer from Mr./Mrs./Ms./Miss _______________________________ was presented to the board of directors at its ____________________ (date) meeting.  The chairperson read the offer dated ____________ (date), to purchase ________ shares of the stock of this Corporation.  After it was moved, seconded, and discussed, it was

 

RESOLVED, that the written offer from ______________, dated ________________, a copy of which is attached, to purchase _________________ shares of the __________________ stock of this Corporation is hereby accepted.

 

IT IS FURTHER RESOLVED, that upon receipt of the consideration therefore, the Secretary is directed to issue to _________________________, a certificate representing ________ shares of the ________________ stock of this Corporation.

 

IT IS FURTHER RESOLVED, that the shares issued as such shall be treated as fully paid and non-assessable.

 

 

___________________________                   ____________________________

For the Board of Directors                                 Date

 



 
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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: BOARD OF DIRECTORS RESOLUTION, ACCEPTANCE OF OFFER, PURCHASE SHARES

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