Board Resolutions: Contributing Assets or Shares to a Wholly Owned Subsidiary (GA) | Practical Law
Resolutions of the board of directors authorizing the contribution of assets or shares by a Georgia parent corporation to a wholly owned subsidiary. These resolutions can also be used to authorize execution of a contribution agreement if used in connection with the contribution. These resolutions are drafted as standard clauses and should be inserted into board minutes or a form of unanimous written consent. This Standard Clause has integrated notes with important explanations and drafting tips.