Home Contract Samples R Resolutions

Resolutions: Definition, Example

Jump to Section

Quick Facts — Resolutions Lawyers

What is a Resolutions?

A resolution is an important part of doing business. They document the decisions made by a company's board of directors and help to ensure that everyone is on the same page with respect to the company's strategy and goals.

Corporate resolutions can be used for a variety of purposes, such as authorizing transactions, appointing officers, or ratifying contracts. If you're wondering what corporate resolutions are and how they can benefit your business, read on. We'll provide some tips on creating effective resolutions that will help your company achieve its objectives.

Resolutions Template

Purchase and download templates drafted by lawyers in our network that match your needs.
Lawyer Services Available
100% Lawyer Drafted
Instant Download
Resolution: Consent to Transfer Shares
For Corporate Records upon Sale of Shares
View More...
*By purchasing a template, you acknowledge that you have read and understood ContractsCounsel's Terms of Use.

Resolutions Sample

CERTIFICATE OF THE SECRETARY OF

MEDALLION FINANCIAL CORP.

I, Marie Russo, hereby certify that I am the Secretary of Medallion Financial Corp., a Delaware corporation (the “Company”), and in such capacity, I hereby certify as follows:

 

1. This certificate is being delivered to the Securities and Exchange Commission (the “SEC”) in connection with the filing of the Company’s fidelity bond (the “Bond”) pursuant to Rule 17g-1 of the Investment Company Act of 1940, as amended, and the SEC is entitled to rely upon this certificate for purposes of the filing.

 

2. I am the duly elected, qualified and acting Secretary of the Company, and have custody of the corporate records of the Company and am a proper officer to make this certification.

 

3. Attached hereto as Exhibit A is a copy of the resolutions approved by the Board of Directors of the Company, including a majority of the Board of the Directors who are not “interested persons” of the Company, approving the form and amount of the Bond.

 

4. Premiums have been paid for the period from November 11, 2007 to November 11, 2008.

IN WITNESS WHEREOF, I have executed this Certificate as of the 13th day of November, 2007.

 

/s/ Marie Russo

Marie Russo
Secretary


Exhibit A


FORMS OF RESOLUTIONS

November 1, 2007

Fidelity Bond

RESOLVED, that the form and amount of the fidelity bond as previously described to the Board is hereby approved by the Board, including a majority of the Board who are not “interested persons” of the Company, as required by Rule 17g-1 under the Investment Company Act of 1940 (“Rule 17g-1”).

RESOLVED, that the Chief Compliance Officer of the Company be, and hereby is, designated as the party responsible for making the necessary filings and giving the notices with respect to the fidelity bond as required by paragraph (g) of Rule 17g-1.

General Ratification and Authorization

RESOLVED, that all actions taken and all agreements, instruments, reports and documents executed, delivered or filed through the date hereof by the officers of the Company in the name and on behalf of the Company, in connection with the foregoing resolutions, are hereby approved, ratified and confirmed in all material respects; and

FURTHER RESOLVED, that the officers of the Company be and each is hereby authorized, empowered and directed to do and perform such acts and things which such officer deems necessary or desirable to carry out the foregoing resolutions, with such modifications, revisions, amendments or further agreements, instruments, or documents as such officer, in his or her discretion may deem necessary or desirable and in the best interest of the Company, and such officer’s taking of any such action, for and on behalf and in the name of the Company, and such officer’s execution, delivery and filing, for and on behalf and in the name of the Company, of any such agreement, instrument or document shall be conclusive evidence that he or she did so deem the same to be necessary or desirable and in the best interest of the Company.


Reference:
Security Exchange Commission - Edgar Database, EX-99.II 3 dex99ii.htm BOARD RESOLUTIONS, Viewed March 31, 2022, View Source on SEC.

Who Helps With Resolutions?

Lawyers with backgrounds working on resolutions work with clients to help. Do you need help with a resolutions?

Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate resolutions. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.


ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.


How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

Meet some of our Resolutions Lawyers

Samuel R. on ContractsCounsel
View Samuel
5.0 (61)
Member Since:
October 2, 2021

Samuel R.

Attorney
Free Consultation
Phoenix - Arizona
7 Yrs Experience
Licensed in AZ, PA, UT
Widener University Delaware Law School

My career interests are to practice Transactional Corporate Law, including Business Start Up, as well as Real Estate Law, Estate Planning Law, and Intellectual Property Law. I am currently licensed in Arizona, Pennsylvania and Utah, after having moved to Phoenix from Philadelphia in September 2019. I currently serve as General Counsel for a bioengineering company. I handle everything from their Business Transactional Agreements, Private Placement Memorandums, and Corporate Structures to Intellectual Property Assignments, to Employment Law and Beach of Contract settlements. Responsibilities include writing and executing agreements, drafting court pleadings, court appearances, mergers and acquisitions, transactional documents, managing expert specialized legal counsel, legal research and anticipating unique legal issues that could impact the Company. Conducted an acquisition of an entire line of intellectual property from a competitor. In regards to other clients, I am primarily focused on transactional law for clients in a variety of industries including, but not limited to, real estate investment, property management, and e-commerce. Work is primarily centered around entity formation and corporate structure, corporate governance agreements, PPMs, opportunity zone tax incentives, and all kinds of business to business agreements. I have also recently gained experience with Estate Planning law, drafting numerous Estate Planning documents for people such as Wills, Powers of Attorney, Healthcare Directives, and Trusts. I was selected to the Super Lawyers Southwest Rising Stars list for 2024 - 2026. Each year no more than 2.5% of the attorneys in Arizona and New Mexico are selected to the Rising Stars. I am looking to further gain legal experience in these fields of law as well as expand my legal experience assisting business start ups, and also trademark registration and licensing.

Recent  ContractsCounsel Client  Review:
5.0

"Everything went very quick, I am very satisfied with the results."

Jane C. on ContractsCounsel
View Jane
4.9 (136)
Member Since:
October 9, 2020

Jane C.

Attorney
Free Consultation
New York
21 Yrs Experience
Licensed in CT, DC, NY
Pace University School of Law

Skilled in the details of complex corporate transactions, I have 15 years experience working with entrepreneurs and businesses to plan and grow for the future. Clients trust me because of the practical guided advice I provide. No deal is too small or complex for me to handle.

Recent  ContractsCounsel Client  Review:
5.0

"Jane was great! Concise, efficient and on point with all the issues in our domestic partnership agreement. She understands the law and complexities of contracts and relationships. She was a tremendous help. I would definitely consult with her again!"

Sara S. on ContractsCounsel
View Sara
4.9 (154)
Member Since:
July 14, 2023

Sara S.

Attorney
Free Consultation
Washington, District of Columbia
6 Yrs Experience
Licensed in DC, MD, PA
American University Washington College of Law

With over eleven years of intellectual property experience, I’m happy to work on your contract problem. I am very diligent and enjoy meeting tight deadlines. Drafting memoranda, business transactional documents, termination notices, demand letters, licenses and letter agreements are all in my wheelhouse! Working in a variety of fields, from construction to pharmaceutical, I enjoy resolving any disputes that come across my desk. I will prioritize your project, big or small. Please be ready and prepared with all relevant documentation so we can get started as soon as you click HIRE! Hourly rate projects will be billed hourly in accordance with the timesheet. Flat rate projects will be billed in segments. Choosing an hourly or flat rate is up to you. Absolutely no refunds.

Recent  ContractsCounsel Client  Review:
5.0

"Sara was very helpful with the matter and we will work with her again."

Jennifer B. on ContractsCounsel
View Jennifer
5.0 (20)
Member Since:
July 8, 2024

Jennifer B.

Outside General Counsel
Free Consultation
Austin, Texas
30 Yrs Experience
Licensed in TX
The University of Florida

I guide businesses and their owners through the intricacies of regulatory compliance, corporate governance, and high-stakes transactions. With a proven track record in deal structuring, due diligence, and building robust data protection and privacy frameworks, I deliver solutions that seamlessly align with my clients' goals while mitigating risks and driving success.

Recent  ContractsCounsel Client  Review:
4.7

"I received exactly what I needed. The service was very professional, and what I appreciated most was the detailed, comprehensive review that was provided."

Joshua S. on ContractsCounsel
View Joshua
Member Since:
July 9, 2024

Joshua S.

Sr. Associate Counsel, Contracts and Data Privacy
Free Consultation
Charlotte, NC
3 Yrs Experience
Licensed in SC
University of South Carolina School of Law

Business-focused attorney with a proven track record of providing comprehensive organizational support in a fast-paced setting under increasingly tighter deadlines. With experience in not just Legal, but also in Sales and Finance, balancing corporate interests against risk exposure to produce the ideal organizational solution – i.e., “seeing the big picture” – comes naturally. Exceptional communicator who thrives at building trusted relationships both internally & externally, as well as distilling complex legal concepts into more easily digestible ideas. Highly adept negotiator with an extensive understanding of a wide variety of contractual arrangements (Purchasing, Leasing, SaaS, ISAs, BAAs, DPAs, NDAs, etc.), and a working knowledge of major domestic and global data privacy laws. Passionate about sports, entertainment, and people.

Arthur S. on ContractsCounsel
View Arthur
Member Since:
July 12, 2024

Arthur S.

Commerical Real Estate Attorney
Free Consultation
Greenwich, CT
45 Yrs Experience
Licensed in NY
Brooklyn Law School

I have extensive experience in all aspects of real estate development and ownerships, from small leases to multimillion-dollar, nationwide projects. Career includes 25+ years as a law firm partner and head of real estate practices in two highly regarded New York law firms, as well as Special Counsel to a prominent, New York based and family owned real estate company. Experience includes representation of corporations and individuals - including artists, performers and athletes-in any of non real estate matters, such as contract negotiations with agents and auction houses.

Atim A. on ContractsCounsel
View Atim
Member Since:
July 14, 2024

Atim A.

Business Lawyer
Free Consultation
Houston, Texas
4 Yrs Experience
Licensed in NY, TX
Georgetown University Law Center

Atim is an international business lawyer licensed in New York and Texas. She advises businesses on smart and fit-for purpose legal and business solutions to achieve their strategic objectives. Equipped with strong legal, regulatory compliance, tax advisory, as well as contract drafting skills, she serves clients internationally at the intersection of law, finance and technology across industry verticals.

Find the best lawyer for your project

Browse Lawyers Now

Lawyer Reviews for Resolutions Projects

Moms house to Son

5.0

"She very good , easy transition , would highly recommend ."

Colorado
Prepare & File
Resolutions
ContractsCounsel User

Real Property

Resolutions

New York

Asked on Jun 26, 2024

Can a resolution passed by a homeowners' association be challenged in court?

I am a homeowner in a residential community that is governed by a homeowners' association (HOA). Recently, the HOA passed a resolution that imposes new restrictions on the use of common areas, which significantly impacts my ability to enjoy the amenities provided. I believe that this resolution is unfair and may even be in violation of our HOA's governing documents. I would like to know if there is a legal recourse to challenge this resolution in court and potentially have it overturned.

Arthur S.

Answered Aug 7, 2024

HOA resolutions are generally enforceable if they are reasonable, clear and comply with state and local laws. They cannot override state or federal laws. In NYS HOAs are generally governed by the NY Business Corporation Law and NY Condominium Act. I would need to know more about the scope of the Resolution and the process used to pass it before I would be able to provided advice as to viability.

Read 1 attorney answer>

Corporate Governance

Resolutions

New York

Asked on May 5, 2025

Are resolutions legally binding?

I am a board member of a non-profit organization, and we recently passed a resolution to implement new policies and procedures for our members. However, some members are questioning the enforceability of these resolutions and whether they have any legal standing. We want to ensure that the resolutions we pass are legally binding and can be enforced if necessary. Can you please clarify the legal status of resolutions and their enforceability?

Megan B.

Answered May 6, 2025

Hello, the answer to this question largely depends on the organization's governance documents. If the Board properly passes a resolution, there is no law that says it must take that action, but generally I would recommend passing a further resolution to undo the action if the Board otherwise decides not to implement the action. Make sense?

Read 1 attorney answer>
See more legal questions…

Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.

View Trustpilot Review

How It Works

Post Your Project

Get Free Bids to Compare

Hire Your Lawyer

Corporate lawyers by top cities
See All Corporate Lawyers
Resolutions lawyers by city
See All Resolutions Lawyers

ContractsCounsel User

Recent Project:
Hello . I am in need of a cease and desist letter for a neighbor. Thank you kindly. Guy
Location: Ohio
Turnaround: A week
Service: Prepare & File
Doc Type: Resolutions
Number of Bids: 2
Bid Range: $75 - $1,075

ContractsCounsel User

Recent Project:
Master Fee Protection Agreement
Location: Delaware
Turnaround: Over a week
Service: Prepare & File
Doc Type: Resolutions
Number of Bids: 3
Bid Range: $600 - $1,495

How It Works

Post Your Project

Get Free Bids to Compare

Hire Your Lawyer

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city