This Directors Resolution Authorizing Stock Dividend effectively authorizes a stock dividend be paid due to a surplus of undistributed funds. This resolution was agreed to at a formal board meeting and sets forth the date and time of the meeting and that a quorum was present. Also included is a Consent Resolution authorizing the dividend which was authorized without a formal meeting. This consent resolution must be signed by all members of the board of directors. These resolutions when signed become a part of the official records of the corporation.

This Directors Resolution Authorizing Stock Dividend includes:

• Checklist: Detailed checklist setting forth resolutions which should be approved at an official board meeting;
• Dividend Resolution: Resolution which sets forth that the board approved a stock dividend at a formal board meeting;
• Notes/Instructions: Notes regarding resolutions which are made without the benefit of a formal board of directors meeting;
• Consent Resolution: Consent resolution which spells out that a dividend will be paid. This resolution must be signed by all members of the board.

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1. Information
2. Directors Resolution Authorizing Stock Dividend

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