This Directors Resolution Authorizing Loan to Corporate Officer gives authorization for a corporate officer to borrow a specific amount of money from the corporation. This resolution sets forth the date of the official meeting, quorum requirements and the amount the officer is allowed to borrow. Also included is a Consent Resolution which authorizes the officer's loan without the benefit of a formal board meeting. This consent must be signed by all board members and the corporate secretary. Once signed, both resolutions become a part of the corporation's official record.

This Directors Resolution Authorizing Loan to Corporate Officer includes:

• Checklist: Detailed checklist setting forth the resolutions which should be approved at formal board meetings;
• Authorization Resolution: Resolution which sets out that an officer can borrow a specific amount of money from the corporation;
• Notes/Instructions: Notes regarding resolutions which can be approved without a formal meeting;
• Consent Resolution: Consent resolution which allows a corporate officer to borrow money and must be signed by all board members.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:

1. Information
2. Directors Resolution Authorizing Loan to Corporate Officer

State Law Compliance: This form complies with the laws of all states