DIY Legal Forms

“Help us to stay online by your kind donation.

Every penny will help.”

PayPal

State Corporation's Dividend Policy

RESOLVED, that it is this Corporation's dividend policy to pay a dividend of $------ per annum on the common stock of the Corporation, payable in quarterly installments on the first day of the [Month], if

(1) the earnings of the Corporation support such payments under the laws of the state of [State], and

(2) it is determined that the payment of such dividends is in the best interests of the Corporation.

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