This Resolution of Directors Approving Sale of Assets is for use by a corporation when a resolution must be passed in order to sell substantially all of a corporation’s assets. This resolution sets forth the name of the corporation, name of the buyer of all corporate assets and the date of any Purchase Agreement. This resolution also sets out that any officer or director of the corporation is authorized to execute the Purchase Agreement and any related documents. A resolution is a part of a corporation’s official records and it is imperative that any resolution be clearly written and contain the specific facts of the resolution.

This Resolution of Directors Approving Sale of Assets contains the following:

• Corporation: Sets forth the name of the corporation;
• Resolution to Sell: Sets forth the corporation’s desire to sell all corporate assets and the identity of the buyer;
• Purchase Agreement: Sets out the date of the Purchase Agreement and that any officer or director of the corporation is authorized to sign this agreement;
• Signatures: All directors of the corporation must sign this resolution.

Protect yourself and your rights by using our attorney-prepared up-to-date forms.

This attorney-prepared packet contains:

1. General Instructions
2. Resolution of Directors Approving Sale of Assets

State Law Compliance: This form complies with the laws of your state