DIY Legal Forms

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Sell Corporate Shares

WHEREAS, [Name] has duly subscribed for (--) shares of the common stock for the aggregate subscription price of $------, and

WHEREAS, the Board of Directors deems it to be in the best interests of the Corporation to accept said subscription; be it

RESOLVED, that the Corporation does hereby accept the stock subscription of [Name], to purchase (--) shares of the Corporation for $------, and, it is

RESOLVED FURTHER, that upon tender of the subscription price, the Treasurer of the Corporation issue to [Name], or his nominee, (--) shares of the no-par value common stock.

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.

Attest.

Secretary