- Alberta Corporate Bylaws Template
- Electronic Corporate Minute Book
- Alberta Corporate Minute Book Template Printable
A Directors' Resolution is written documentation describing an action authorized by the board of directors of a corporation. Where a Directors' meeting can not be held the same matters can be authorized by a Directors' resolution that is signed by all the Directors.Directors supervise the management of the corporation and make all major decisions for the corporation.How to use this documentThis Director's Resolution will allow you to chose from the different purposes for the directors' resolution, but you may also chose to create your own resolution. The resolution will provide you with wording for the following purposes:. Change of Name of Corporation. Acceptance of Resignation and Appointment of Director. Acceptance of Resignation and Reduction in Number of Directors.
Appointment of new officers. Give a business name to the corporation.
Adoption of a new by-lawYou will then have to provide information accordingly.Once the resolution is completed, it must be signed by a quorum of the directors; the quorum is usually specified in the articles of the corporation. Once signed, under certain circumstances, the resolution may need to be approved by the shareholders of the corporation. The resolution is then added to the corporate minute books of the corporation.Applicable lawCorporations are incorporated under federal or provincial laws, which dictates the duties of a corporation's director, as well as obligations regarding corporate records.How to modify the templateYou fill out a form. The document is created before your eyes as you respond to the questions.At the end, you receive it in Word and PDF formats.
You can modify it and reuse it.
Properly Maintained Corporate Minute Books Save Your Time, Stress and MoneyThe minute book of an Alberta corporation organizes and records all the legal information about the incorporation. After a company is incorporated, many incorporations neglect and fail to update their minute book. This is because owners are attending to the day to day operations of their businesses.
Alberta Corporate Bylaws Template
Failing to update and keep your minute book organized and properly maintained can have significant consequences and costs for a corporation. It is important to maintain and update your minute book. Here are the top 10 reasons why it is crucial to properly maintain your corporate minute books.1) Validity of the Corporations ActionsIf proper director and shareholder resolutions are not passed by the corporation, actions taken by the company may not be valid. It is important to ensure that the proper resolutions are passed by a corporation. This ensures corporate actions comply with the, the bylaws and articles of incorporation of the corporation. Any major or fundamental change to corporation requires directors and shareholder resolutions.
Electronic Corporate Minute Book
The only way to know if these resolutions have been properly passed, is to check the corporate minute books. The following are just a few examples where resolutions are required;.
Issuing shares;. Appointing directors;. Amending the articles of incorporation and bylaws of a corporation;.
Alberta Corporate Minute Book Template Printable
Changing the corporations name; and. Authorizing the corporation to operate under a trade name.2) Opening a Bank AccountWhen a corporation opens a bank account, the bank will require the corporation to provide incorporation documents and appropriate resolutions on behalf the shareholders and directors. This requirement is to ensure that the corporation legally exists and is authorized to open an account. If the minute book is not organized and up to date you may not be able to open an account.