Board Resolution Approving Sale of Assets Template

This board resolution approving sale of assets 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 of assets template:

BOARD RESOLUTION OF [YOUR COMPANY NAME] AUTHORIZING SALE OF ASSETS DULY PASSED ON [DATE] SALE OF ASSETS WHEREAS, there has been presented to and discussed at this meeting a proposed agreement of purchase and sale whereby all or substantially all of the property and assets of this corporation are to be sold, conveyed, and transferred to [Buyer name], a corporation organized under the laws of the [State/Province] of [State/PROVINCE], on the following general terms and conditions and for the following consideration: [Set forth principal terms of transaction and amount of consideration]; and WHEREAS, the board of directors of this corporation deems it to be for the best interests of this corporation and its stockholders that all or substantially all the property and assets of this corporation be sold, conveyed, and transferred to [Buyer name] as stated in the proposed agreement of purchase and sale, a true copy of which is to be inserted in the minute book of this corporation immediately following the minutes of this meeting;