Shareholders' Resolution Approving Plan of Distribution
(CA Corporation)

Summary

This Shareholders' Resolution Approving Plan of Distribution (CA Corporation) is a shareholders' resolution approving a plan of distribution as part of the wind up and dissolution of a California corporation. This template contains practical guidance. A special meeting of the corporation's shareholders may be called to vote upon the dissolution of the corporation. This template provides resolutions to be included in the minutes of the shareholders' meeting. See Cal. Corp. Code § 601 et seq. and corporation bylaws for procedures regarding holding special shareholder meetings. These resolutions may also be adopted by written consent of the shareholders. For a full listing of related California corporation content, including content relating to corporate formation, maintenance, ownership, management, and dissolution, see Corporation Resource Kit (CA). For more information, see Dissolution (CA Corporation).