DIY Legal Forms

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Acquire Shares Of Stock

WHEREAS, the Board of Directors has determined that it is in the best interests of the Corporation to acquire certain shares of the common stock of [Corpoation]; be it

RESOLVED, that the Corporation acquire (--) shares of the common stock of [Corpoation]; said shares representing (--%) of all shares, in all classes, outstanding, all for the aggregate purchase price of $------ per share, all as more particularly set forth in a stock purchase agreement as annexed hereto; and, be it

RESOLVED FURTHER, that the President or Treasurer of the Corporation undertake all actions necessary to carry out said resolution.

The undersigned hereby certifies that [Name] is the duly elected and qualified Secretary and the custodian of the books and records and seal of [Name], a corporation duly formed pursuant to the laws of the State of [State], and that the foregoing is a true record of a resolution duly adopted at a meeting of the Board of Directors, and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on [Date], and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above named Corporation on [Date].

A True Record.