Purchase Or Sale Of Real Estate Corp. Authorization

This review list is intended to educate you on the subject of this document and to aid you in its preparation. Obtaining Board permission for significant asset acquisitions or sells is sound corporate management. This form can be used for a variety of purposes, from purchasing and selling real estate as described below to purchasing and selling software, divisions, trademarks, and other such items.

 

1. Make several copies. One copy should be retained in the transaction file, while the other should be retained in the corporate minute book.

Purchase or Sale of Real Estate: Resolution of Authorization

A special meeting of the Board of Directors of ________________________________, Inc., was held on ___________________, at ________________________________________, pursuant to, and, upon a motion made regularly and in proper order, and seconded, the board of directors of ______________________________, agreed:

That the corporation shall sell (buy) the following parcel of real estate ______________________ to ________________ for a total consideration of $______ (______________ & ____/100 dollars).

The officers of the corporation are authorized to sign such deeds and other instruments as may be necessary for completion of the sale.

______________________________ by:
______________________________________________________
SECRETARY
______________________________________________________
Attest, President

Purchase or Sale of Real Estate: Resolution of Authorization
Review List

This review list is provided to inform you about this document in question and assist you in its preparation. It is good corporate management to get Board approval for major purchases or sales of assets. You can adapt this form to such activities, from buying and selling real estate as provided herein, to buying or selling software, divisions, trademarks, or any other such things.

1. Make multiple copies. One copy should go in the transaction file and the other in the corporate minute book.

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