Board Resolution Approving Dissolution of Subsidiary Template

This board resolution approving dissolution of subsidiary template has 2 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our board resolution approving dissolution of subsidiary template:

BOARD RESOLUTION APPROVING DISSOLUTION OF SUBSIDIARY DULY PASSED ON [DATE] DISSOLUTION OF [COMPANY NAME] WHEREAS [YOUR COMPANY NAME] ( the "Corporation"), is the registered holder of all of the issued and outstanding shares of all classes of [COMPANY NAME], a corporation registered under the laws of ([COUNTRY/STATE/PROVINCE]) (the "Subsidiary"); WHEREAS the Subsidiary wishes to proceed with its dissolution and as part thereof distribute its assets to the Corporation. RESOLVED: THAT any officer or director of the Corporation be and he or she is hereby authorized for and on behalf of the Corporation to sign such documents and do such acts and things as may be necessary to authorize the Subsidiary to proceed with its dissolution; THAT as part of the said dissolution, the Corporation accept a transfer of all the assets and property of the Subsidiary, including without limitation that certain immovable property situate at [ADDRESS], [CITY/STATE/PROVINCE] (the "Immoveable"), on the terms and subject to the conditions set forth in that certain general conveyance of assets agreement (the "General Conveyance of Assets Agreement") and in that certain deed of sale transferring title to the Immovable to the Corporation (the "Deed of Sale"), copies of each of which are annexed hereto and which the undersigned directors of the Corporation acknowledge having reviewed;