Document background
A Board Resolution For Creation of Charge is a crucial corporate document used in the Netherlands when a company intends to grant security interests over its assets. It serves as evidence that the creation of the charge has been properly authorized at the corporate level, in accordance with Dutch law and the company's articles of association. This document is typically required by lenders, security agents, and the Dutch Trade Register (Handelsregister) as proof of valid corporate authorization. The resolution must comply with requirements under the Dutch Civil Code (Burgerlijk Wetboek), particularly Books 2 and 3, regarding corporate governance and security interests. It should be used whenever a Dutch company plans to create security interests, whether in the context of financing arrangements, corporate restructuring, or other commercial transactions requiring asset security.
