Board Resolutions: Accepting Contributions and Issuing Shares to Parent Corporation (NJ) | Practical Law
Resolutions of the board of directors authorizing the acceptance of a New Jersey parent corporation's contribution of assets or shares in exchange for a New Jersey corporation's common shares. These resolutions also authorize execution of a contribution agreement if used in connection with the parent's contribution. These resolutions are drafted as Standard Clauses and should be inserted into board minutes or a form of unanimous written consent. These Standard Clauses have integrated notes with important explanations and drafting tips.