corporate resolution

Definition of "corporate resolution"
  1. A documented decision made and endorsed by a corporation's board of directors, such as declaring a dividend, borrowing money, modifying the bylaws, or executing real estate transactions
How to use "corporate resolution" in a sentence
  1. The corporate resolution was passed to increase the dividend payout to shareholders.
  2. To establish a new store, the company needed a corporate resolution to purchase the necessary real estate.
  3. The board of directors issued a corporate resolution to amend their bylaws.

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