Directors Resolution Approving the Transfer of Shares (Canada)
Unanimous Written Consent approving the transfer of shares for use in all provinces except Quebec.
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This unanimous resolution (all directors must sign the document) approves the transfer of shares of the corporation.
This form includes special formatting features to assist you in completing the agreement.
This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.
Directors Resolution Approving the Transfer of Shares (Canada)
Product Details
| Product | Directors Resolution Approving the Transfer of Shares (Canada) |
| Country | Canada |
| Pages | 3 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Resolutions, Consents, Minutes & Meeting Notices |
| Product number | #28393 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
A directors resolution is a formal document that records decisions made by the board of directors of a corporation. It serves as an official record of actions taken and is essential for compliance with corporate governance standards.
Unanimous consent ensures that all directors agree to the share transfer, which is crucial for maintaining transparency and preventing disputes. It also complies with legal requirements in many jurisdictions.
No, this specific resolution is not applicable in Quebec due to different legal requirements governing corporate actions in that province. It is designed for use in other Canadian provinces.
The resolution includes special formatting features to guide you through the completion process. Ensure that all directors sign the document to validate the unanimous consent.
If not all directors sign, the resolution may be deemed invalid, and the share transfer could be challenged. It is essential to obtain signatures from all directors to ensure legal compliance.
Is This Form Right For You?
Use This Form If:
- Individuals who are part of a corporation may need this resolution to formally document the transfer of shares among shareholders. This ensures that all directors are in agreement and that the process adheres to corporate governance standards.
- Situations requiring the transfer of shares due to a sale or inheritance often necessitate this document. It provides a clear and legally binding record that all directors consented to the transfer, which can help prevent disputes later on.
- For those involved in corporate restructuring, this resolution is essential to facilitate the smooth transfer of shares while maintaining compliance with provincial laws. It serves as a protective measure for both the corporation and its directors.
- When a corporation is looking to raise capital by transferring shares to new investors, this resolution is crucial. It not only documents the decision but also reassures potential investors that the transfer has been properly authorized by the board.
- In cases where a director is leaving the company and their shares need to be redistributed, this resolution provides a formal way to approve the transfer. It ensures that all legal requirements are met and that the process is transparent.
Do Not Use If:
- – This form is not appropriate when the corporation is located in Quebec, as the legal requirements for share transfers differ in that province. Using this resolution in Quebec could lead to non-compliance with local laws.
- – In situations where only a subset of directors is available to sign, this resolution cannot be used. Unanimous consent is required, and any missing signatures could invalidate the transfer.
- – If the transfer of shares involves complex legal arrangements, such as mergers or acquisitions, this simple resolution may not suffice. Legal counsel should be consulted to draft a more comprehensive agreement.
- – This form should not be used if the corporation has specific bylaws that dictate a different process for share transfers. Always check the corporation's bylaws before proceeding with this resolution.
- – In cases where shares are being transferred as part of a legal dispute or litigation, this resolution is not suitable. Legal advice should be sought to address the complexities of such situations.
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