Shareholders' Resolution
/ˈʃɛərˌhoʊldərz rɛzəˈluːʃən/
Definitions
- (n.) A formal decision or expression of intent adopted by the shareholders of a corporation, usually during a meeting or by written consent, governing corporate affairs.
The shareholders' resolution approved the merger agreement.
Forms
- shareholders' resolution
- shareholders' resolutions
Related terms
See also
Commentary
Typically requires compliance with statutory procedures and corporate bylaws; clarity in drafting prevents disputes over corporate authority.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.