Corporate Resolution to Sell property
Author: Maria Clark
Published: May 6, 2012
How to sell a corporate owned property?
As a company gets bigger taking decisions becomes more complex. In a small scale firm there are generally only one or two owners. It is very easy for them to agree on something while taking any decision. But in a big company there a lot of members in the board. Until all or most of them agree upon a decision nothing can be done. In such cases it is really important to have the proper paperwork.
Often the big companies buy real estate for use or for the purpose of investment. Now such a property has to be sold at some point of time for any number of reasons. It could be because the land is not useful anymore or because money is needed to settle some debts. Whatever the reason may be, the board members need to agree that the property should be sold. For that the member who thinks it is the right step should bring forward a resolution for this effect. If a majority of the members support this, the resolution will be passed and the property can be sold. However in some companies the decisions related to real estate have to be unanimous. In such cases the property cannot be sold until all the members agree to the decision.
Once the corporate resolution to sell property has passed, you will have to prepare the right paperwork to execute the decision. Do this with great care and make no mistakes. Even the slightest error can cause huge problems later.
Where to download Corporate Resolution to Sell property Template?
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Sample Template Preview
RESOLUTION OF DIRECTORS AUTHORIZING
OFFICERS TO SELL CORPORATE PROPERTY
WHEREAS, _______, 20__, the directors of __________________________________, a _____________ corporation located at: _____________________________, in the Town of ___________, have met and determined the following:
BE IT RESOLVED, _______________, 20__, that any offer to purchase, sell, or dispose of corporate assets, including personal or real property, shall be at the sole discretion of the President and the Secretary and they are hereby authorized and directed to execute proper documents to consummate the purchase, sale, or otherwise and to deliver the said property to the said purchasers/seller’s.
At this point in time the following officers exist:
_______________________, President
________________________ , Secretary
Affirmed this ______ day of _________ 20__.
__________________________
Director
(Corporate Name Here)
