Resolutions of the Board of Directors Recommending Corporate Dissolution (DE Corporation)
Summary
These template Resolutions of the Board of Directors Recommending Corporate Dissolution (DE Corporation) may be used when used by a Delaware corporation when the board of directors has determined that winding up and dissolution of the corporation is in the best interest of the corporation and its shareholders. This template includes practical guidance and drafting notes. This resolution should be accompanied by a plan of complete liquidation and should also provide resolutions regarding debt payment methods and distribution of assets. This resolution may be adopted at a board of directors' meeting or by unanimous written consent. For a full listing of key content covering Delaware corporate formation, organization, maintenance, ownership, management, and dissolution, see Corporation Resource Kit (DE). For more information on dissolution of a Delaware corporation, see Dissolution (DE Corporation). For a template plan of complete liquidation, see Plan of Complete Liquidation (DE ...