DIY Legal Forms

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Declaring A Regular Dividend

Pursuant to a duly made, seconded, and unanimously carried motion, the following resolution was adopted by the Board of Directors:

WHEREAS, there continues to be a surplus existing due to the normal business operations of said Corporation since the last quarterly report submitted by the Treasurer on [Date], and said surplus now amounts to a total of $------ it is hereby:

RESOLVED, that a portion of the aforementioned surplus, in the amount of $------, will be set aside for the sole purpose of paying a dividend on the common stock of this Corporation, and it is

FURTHER RESOLVED that a dividend of $------ per share on all shares of common stock issued and outstanding to those shareholders who were shareholders of record on [Date] will be paid by the Treasurer of said Corporation.

The undersigned, [Name], certifies that [Name] is the duly appointed Secretary of [Corporation] and that the above is a true, accurate, and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on [Date], and that such resolution is now in full force and effect.

IN WITNESS THEREOF, I have affixed my name as Secretary of [Corporation] and have attached the seal of [Corporation] to this resolution.

Dated:

_________________________

Secretary

Seal: