Board Resolution Approving Sale Agreement Sole Director Template

This board resolution approving sale agreement sole director template has 1 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our board resolution approving sale agreement sole director template:

BOARD RESOLUTION OF [YOUR COMPANY NAME] APPROVING A SALE AGREEMENT The following resolution signed by the sole director entitled to vote of [YOUR COMPANY NAME] (the "Corporation"), pursuant to section [SPECIFY SECTION] of the [YOUR COUNTRY LAW ON CORPORATIONS], whereby a resolution in writing, signed by the sole director entitled to vote on that resolution at a meeting of the board of directors, is as valid as if it had been passed at a meeting, is hereby adopted and shall be deemed to have been adopted as of [DATE]. SALE AGREEMENT WHEREAS the Corporation had issued promissory notes to [SPECIFY NAME] for an amount of [AMOUNT]; WHEREAS the Corporation owes [SPECIFY NAME], the amount of [AMOUNT] as a director's advance; WHEREAS the Corporation is the owner of property (asset) located at [ADDRESS]; WHEREAS it is in the best interest of the Corporation to sell the above mentioned asset and to reimburse the aforementionned amounts to [SPECIFY NAME]; RESOLVED: