Directors Resolution Rescinding Prior Resolution - Kit

Bahman Eslamboly

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This Directors Resolution Rescinding Prior Resolution effectively rescinds a resolution previously made at a formal board of directors meeting. This resolution sets forth the date and time of the meeting, the presence of a quorum and the resolution which will no longer be in effect. Also included is a Consent Resolution which rescinds a prior resolution. The consent differs in that rescission is authorized without a formal board meeting and must be signed by all directors, as well as the secretary of the corporation. Both Resolutions become a part of the corporation's official record.

This Directors Resolution Rescinding Prior Resolution includes the following:
  • Checklist: Detailed checklist which contains those resolutions which must be approved at an official meeting of the board of directors;
  • Rescinding Resolution: Resolution which rescinds a resolution previously agreed to by the board at a formal meeting. It is important that this resolution state in exact detail the board's wording of the resolution;
  • Notes/Instructions: Notes regarding consent resolutions which are made without the benefit of a formal meeting;
  • Consent Resolution: Consent resolution which clearly sets forth the prior resolution to be rescinded. Due to the lack of a formal meeting, this resolution must be signed by all members of the board of directors and the corporate secretary.

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State Law Compliance: This form complies with the laws of all states

Directors Resolution Rescinding Prior Resolution - Kit

Product Details

Product Directors Resolution Rescinding Prior Resolution - Kit
Country United States
Pages 7
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category Board of Directors
Product number #27181
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

This is a formal document used by a board of directors to officially cancel a previously adopted resolution. It ensures that the corporation's records reflect the most current decisions made by the board.

A Consent Resolution is appropriate when the board needs to rescind a resolution without holding a formal meeting. This allows for quicker decision-making, provided all directors agree and sign the document.

Yes, for a Consent Resolution to be valid, it must be signed by all members of the board of directors as well as the corporate secretary. This ensures that there is unanimous agreement on the rescission.

This form is designed to meet the legal requirements of all states regarding corporate governance and documentation. It ensures that the rescission of resolutions is properly recorded and recognized legally.

If a resolution is rescinded incorrectly, it may lead to legal disputes or issues with corporate governance. It is crucial to follow the proper procedures and ensure that all necessary parties are involved in the rescission process.

Is This Form Right For You?

Use This Form If:

  • Individuals who serve on a board of directors may need this form to formally rescind a previous resolution that is no longer applicable or has been superseded by a new decision. This ensures that the corporation's records accurately reflect the current decisions of the board.
  • Situations requiring the cancellation of a previously agreed-upon resolution without the necessity of a formal meeting can utilize this consent resolution. This is particularly useful for boards that need to act quickly and efficiently without convening all members.
  • For those managing corporate governance, this form is essential when there is a need to document changes in board decisions officially. It helps maintain transparency and accountability within the corporation's operations.
  • In cases where a resolution was passed under circumstances that have changed, using this form allows the board to correct its course of action. This is crucial for ensuring that the corporation adheres to its strategic goals and legal obligations.
  • Corporate secretaries may find this form necessary when updating the official records of the corporation to reflect the most current decisions made by the board. This is vital for compliance with state laws and for maintaining corporate integrity.

Do Not Use If:

  • – This form is not appropriate when the board has not reached a consensus on the rescission of a resolution. In such cases, a formal meeting should be held to discuss and vote on the matter.
  • – If the resolution to be rescinded is already in the process of being legally challenged, using this form may complicate matters further. It is advisable to consult legal counsel before proceeding.
  • – For resolutions that require amendments rather than rescission, this form is not suitable. In such instances, a different type of resolution should be drafted to amend the existing resolution.
  • – This form should not be used if the corporation's bylaws or articles of incorporation specify a different process for rescinding resolutions. Always refer to these governing documents before proceeding.
  • – In situations where the resolution has already been executed and acted upon, rescinding it may not be feasible or appropriate. Legal advice should be sought to determine the best course of action.

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