Board Resolution: Accepting Parent Company Contribution and Issuing Stock to Parent Company
(DE Corporation)

Summary

This Board Resolution: Accepting Parent Company Contribution and Issuing Stock to Parent Company (DE Corporation) template may be adopted by a Delaware corporation to approve the creation of a corporate subsidiary and the contribution of capital to the subsidiary in exchange for shares of the subsidiary's stock. This template includes practical guidance and drafting notes. This template may be tailored to suit each transaction. For a full listing of key content covering Delaware corporate formation, organization, maintenance, ownership, management, and dissolution, see Corporation Resource Kit (DE). For a full listing of key content covering Board Resolutions for Private Company Corporate Governance, see Private Company Corporate Governance Board Resolutions Resource Kit. For a discussion about directors in Delaware, see Management and Indemnification (DE Corporation).