Board Resolutions: Declaration of Dividend of Property or Assets | Practical Law

Board Resolutions: Declaration of Dividend of Property or Assets | Practical Law

Resolutions of the board of directors declaring a dividend of property or assets. These resolutions are for use by a private company distributing assets to its parent stockholder. These resolutions are drafted as standard clauses to be inserted into board minutes or a unanimous written consent. This Standard Clause has integrated notes with important explanations and drafting tips.

Board Resolutions: Declaration of Dividend of Property or Assets

Practical Law Standard Clauses 4-523-3460 (Approx. 9 pages)

Board Resolutions: Declaration of Dividend of Property or Assets

by Practical Law Corporate & Securities
Maintained • Delaware, USA (National/Federal)
Resolutions of the board of directors declaring a dividend of property or assets. These resolutions are for use by a private company distributing assets to its parent stockholder. These resolutions are drafted as standard clauses to be inserted into board minutes or a unanimous written consent. This Standard Clause has integrated notes with important explanations and drafting tips.