DIY Legal Forms

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File For Receivership

WHEREAS, the Corporation is insolvent and unable to pay its debts as they become due, and

WHEREAS, it would be in the best interests of creditors to liquidate the assets of the business pursuant to receivership; be it

RESOLVED, that the Corporation file as soon as practicable a petition for receivership in accordance with state laws.

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.