In general a majority of the shareholders must vote on and approve a resolution in order for an act to take effect. Shareholders resolutions are records of official acts of shareholders at a meeting where a quorum exists. Corporate resolutions voted on and executed by the shareholders then become a part of the official corporate record. This form will assist in drafting a resolution to elect a board of directors for a corporation.

This lawyer-prepared packet contains:

1. General Instructions and Checklist
2. Shareholders Resolution – Electing Corporate Directors for use in Canada

Law Compliance: 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