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Corporate Resolution
A written document that describes an action taken and approved by the board of directors of a corporation. For example, when a corporation issues a stock dividend, the declaration of the dividend is a corporate resolution. A board might also pass a resolution to take out a loan, buy or sell real estate, amend the corporate bylaws, or issue more stock. Resolutions are recorded with the corporate minutes.
LA-NOLO5:DRU.1.6.4.20141222.29342