A corporate resolution is a document issued by a

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

, outlining a binding

corporate action A corporate action is an event initiated by a public company that brings or could bring an actual change to the debt securities—Share capital, equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's ...

. Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name. Others may be used to delegate, approve, or rescind decision-making authority to individuals to act on behalf of the corporation. This form of corporate resolution is also required by title agencies when selling corporate owned real estate. The form and structure of this document varies depending on the state in which the corporation is organized. For a corporate action, if allowed by state law and by the bylaws of the corporation, the board of directors may use a written document to waive formal notice of a meeting and unanimously consent to a resolution. Resolutions are not required on Trust or Estate accounts. ''See:''

Trust law A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. In the English common law, the party who entrusts the property is k ...

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Wikibooks Debate/Motions and resolutions
{{DEFAULTSORT:Corporate Resolution Resolutions (law) Board of directors Management cybernetics