All Countries
Corporate Governance
Board Resolution For Selling The Property

Board Resolution For Selling The Property Template for New Zealand

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Board Resolution For Selling The Property

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Board Resolution For Selling The Property

"I need a Board Resolution for Selling The Property for our Auckland office building at 123 Queen Street, with the sale price of NZD 2.5 million to be completed by March 2025, authorizing our CEO and CFO as signatories."

Celebrated by
Collaborations with
Investors
Document background
A Board Resolution For Selling The Property is a critical corporate governance document used in New Zealand when a company intends to dispose of real estate assets. This document is required under the New Zealand Companies Act 1993 to demonstrate proper board approval and authorization for property sales. It becomes necessary when a company decides to sell any real property assets, whether for strategic restructuring, capital raising, or operational purposes. The resolution must include specific details about the property, sale terms, and authorized signatories, while ensuring compliance with New Zealand corporate and property laws. This document is particularly important for maintaining proper corporate records, satisfying legal requirements, and providing necessary authorization for executing sale documents.
Suggested Sections

1. Header Information: Company name, registration number, and date of the resolution

2. Present Directors: List of directors present at the meeting and confirmation of quorum

3. Chairperson: Identification of the meeting's chairperson

4. Property Details: Full legal description and address of the property being sold

5. Sale Consideration: Details of the agreed sale price and payment terms

6. Board's Determination: Statement confirming the board has considered the sale and believes it to be in the company's best interests

7. Resolution: The formal resolution text approving the sale and authorizing specific actions

8. Authorization: Designation of authorized persons to execute documents and complete the transaction

9. Confirmation: Certification of the resolution by the chairperson or company secretary

Optional Sections

1. Recitals: Background information about why the sale is being undertaken, used when additional context is needed

2. Special Conditions: Any specific conditions or requirements for the sale, included when there are particular terms to be noted

3. Related Party Disclosure: Required if the sale involves any related parties or conflicts of interest

4. GST Considerations: Include when the property transaction has GST implications

5. Overseas Investment Considerations: Required when the potential buyer is an overseas person or entity

Suggested Schedules

1. Property Title Documents: Copies of current title documents for the property

2. Valuation Report: Independent valuation report supporting the sale price

3. Sale and Purchase Agreement: Draft or final version of the sale and purchase agreement

4. Director Attendance Record: Record of directors' attendance and voting

5. Power of Attorney: If specific individuals are granted power of attorney for the transaction

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Commercial Property

Retail

Manufacturing

Healthcare

Education

Hospitality

Industrial

Technology

Professional Services

Non-Profit Organizations

Financial Services

Relevant Teams

Board of Directors

Legal

Corporate Secretariat

Finance

Real Estate

Compliance

Risk Management

Property Management

Corporate Governance

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Board Chairman

Board Director

Chief Financial Officer

Property Manager

Corporate Counsel

Legal Counsel

Real Estate Manager

Company Director

Corporate Secretary

Compliance Officer

Risk Manager

Industries
Companies Act 1993: Governs corporate decision-making processes, directors' duties, and requirements for board resolutions. Particularly relevant are sections regarding major transactions and board authority.
Property Law Act 2007: Sets out the legal framework for property transactions in New Zealand, including requirements for property transfers and legal interests in land.
Land Transfer Act 2017: Regulates the registration and transfer of land titles in New Zealand, ensuring proper documentation and recording of property ownership changes.
Overseas Investment Act 2005: Relevant if the potential buyer is an overseas person or entity, setting out requirements for foreign investment in New Zealand property.
Income Tax Act 2007: Contains provisions regarding tax implications of property sales, including potential capital gains implications and GST considerations.
Contract and Commercial Law Act 2017: Provides the legal framework for commercial contracts and transactions, including property sale agreements.
Financial Markets Conduct Act 2013: May be relevant if the company is listed or if the transaction is significant enough to require market disclosure.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Trust Resolution For Authorised Signatory

A New Zealand law-governed resolution document that delegates signing authority to designated individuals on behalf of a trust, in compliance with the Trusts Act 2019.

find out more

Special Resolution Of Directors

A formal New Zealand corporate document recording significant board decisions requiring special majority approval under NZ Companies Act 1993.

find out more

Board Resolution For Termination Of Agreement

A formal New Zealand corporate document recording a board of directors' resolution to terminate an existing agreement, compliant with NZ Companies Act 1993.

find out more

Board Resolution For Selling The Property

A New Zealand corporate governance document recording the board's formal decision and authorization to sell company property, compliant with NZ Companies Act 1993.

find out more

Board Resolution For Funding

A New Zealand corporate document recording the board's formal approval of company funding arrangements, in compliance with the Companies Act 1993.

find out more

Bank Resolution For Change In Authorised Signatory

A New Zealand corporate resolution document authorizing changes to bank account signing authorities, complying with local banking regulations and corporate law requirements.

find out more

Authorised Signatory Board Resolution

A New Zealand law-governed board resolution appointing authorized signatories and defining their powers to execute documents on behalf of the company.

find out more

Board Resolution Director Resignation

A formal New Zealand corporate document recording and accepting a director's resignation from the company board, as required under the Companies Act 1993.

find out more

Board Resolution For Ratification Of Agreement

A New Zealand corporate document recording a board's formal decision to approve and ratify a specific agreement, ensuring compliance with the Companies Act 1993.

find out more

Board Resolution Closure Of Business

A formal New Zealand corporate document recording the board's resolution to cease business operations, compliant with the Companies Act 1993.

find out more

Board Resolution Change Of Directors

A New Zealand corporate resolution documenting board-approved changes in company directorship, compliant with the Companies Act 1993.

find out more

Board Resolution Change Of Address

A formal New Zealand board resolution document recording the approval and details of a company's change of registered office or service address.

find out more

Resolution To Add Signatory To Bank Account

A New Zealand corporate resolution document authorizing the addition of a new signatory to company bank accounts, compliant with local banking and corporate regulations.

find out more

Omnibus Board Resolution

A New Zealand law-governed consolidated board resolution document that records multiple corporate decisions and their implementation authorizations in a single instrument.

find out more

Non Profit Resolution To Open Bank Account

A New Zealand non-profit organization's formal resolution authorizing the opening of a bank account and establishing banking arrangements under New Zealand law.

find out more

Change Of Directors Resolution

A New Zealand corporate resolution document that formally records and implements changes to a company's board of directors, in compliance with the Companies Act 1993.

find out more

Board Resolution For Call On Shares

A New Zealand corporate document recording the board's resolution to require payment for partly paid shares from shareholders.

find out more

Board Resolution For Declaration Of Dividend

A New Zealand corporate governance document recording the board's formal decision to declare and pay dividends to shareholders, in compliance with the Companies Act 1993.

find out more

Resolution To Change Bank Signatories

A New Zealand corporate resolution document that formally records and authorizes changes to company bank account signatories.

find out more

Resolution To Appoint A Director

A New Zealand corporate resolution document used to formally appoint a new director to a company's board, in compliance with the Companies Act 1993.

find out more

Corporate Guarantee Resolution

A New Zealand board resolution document authorizing a company to provide a corporate guarantee, including approval terms and execution authorities.

find out more

Board Resolution For Partnership

A formal New Zealand board resolution documenting the approval and authorization of a partnership arrangement, complying with NZ Companies Act 1993 and Partnership Act 2019.

find out more

Board Resolution For Issue Of Shares

A New Zealand corporate document recording the board's formal resolution to issue new shares, including key terms and statutory compliance confirmation.

find out more

Board Resolution For Buy Back Of Shares

A New Zealand corporate document recording the board's formal approval and terms for repurchasing company shares, in compliance with the Companies Act 1993.

find out more

Board Resolution For Acquisition Of Shares

A New Zealand law-governed board resolution documenting the formal approval and authorization for acquiring shares in another company.

find out more

Board Resolution Approving Sale Of Shares

A New Zealand corporate document recording board approval for share sale, compliant with the Companies Act 1993 and company constitution.

find out more

Board Resolution Loan Agreement

A New Zealand-governed document combining a board resolution and loan agreement that authorizes and sets out the terms of a corporate loan transaction.

find out more

Resolution To Remove Signatory From Bank Account

A New Zealand corporate resolution document that formally removes an authorized signatory from a company's bank account, meeting local legal and banking requirements.

find out more

Resolution To Open Bank Account For Association

A New Zealand-compliant resolution document authorizing the opening and operation of a bank account for an association, including signatory appointments and banking parameters.

find out more

Resolution For Appointment Of Trustee

A New Zealand law-compliant resolution document that formally appoints a new trustee to an existing trust, including all necessary declarations and acceptances.

find out more

Resolution Appointing New Board Members

A New Zealand corporate resolution document that formally records the appointment of new board members, complying with the Companies Act 1993.

find out more

Removal Of Director Resolution

A New Zealand law-compliant corporate resolution documenting the formal removal of a director from a company's board of directors.

find out more

Generic Corporate Resolution

A New Zealand corporate governance document that formally records and authenticates company decisions made by the board of directors or shareholders.

find out more

Corporate Resolution To Open Bank Account

A New Zealand corporate resolution authorizing the opening of bank accounts and appointing authorized signatories for banking operations.

find out more

Company Resolution Document

A formal document recording company decisions under New Zealand law, used to document board or shareholder resolutions and maintain corporate compliance.

find out more

Board Resolution For Sale Of Shares

A New Zealand corporate document recording board approval for share sale transactions, compliant with NZ Companies Act 1993.

find out more

Board Resolution For Rent Agreement

A New Zealand corporate document recording board approval for entering into a rental/lease agreement, complying with the Companies Act 1993.

find out more

Board Resolution For Removal Of Authorised Signatory In Bank Account

A New Zealand board resolution document authorizing the removal of a designated signatory from company bank accounts.

find out more

Board Resolution To Transfer Shares

A New Zealand corporate document recording the board's formal approval for the transfer of company shares between parties.

find out more

Board Resolution To Purchase Property

A New Zealand corporate governance document recording the board's formal decision and authorization to purchase property, compliant with NZ Companies Act 1993.

find out more

Board Resolution To Incorporate A Subsidiary Company

A formal resolution under New Zealand law documenting a board's decision to establish a new subsidiary company, including key structural and governance details.

find out more

Board Resolution For Purchase Of Equipment

A formal New Zealand corporate document recording the board's approval and authorization for specific equipment purchase, in compliance with the Companies Act 1993.

find out more

Board Resolution For Entering Into Agreement

A New Zealand corporate document recording board approval to enter into an agreement, including meeting details and authorization of signatories.

find out more

Board Resolution For Dissolution Of Company

A New Zealand legal document recording the board's formal resolution to dissolve a company, including dissolution procedures and compliance requirements.

find out more

Board Resolution For Change Of Company Name

A New Zealand board resolution document that formally approves and authorizes a change in the company's registered name, in compliance with the Companies Act 1993.

find out more

Board Resolution For Cancellation Of Shares

A New Zealand corporate document recording the board's formal resolution to cancel company shares under the Companies Act 1993.

find out more

Board Resolution For Lease Agreement

A New Zealand corporate resolution documenting board approval and authorization for entering into a lease agreement, including terms approval and execution authority.

find out more

Board Resolution Dividend Distribution

A New Zealand board resolution documenting the formal decision to declare and distribute dividends to shareholders, ensuring compliance with Companies Act 1993 requirements.

find out more

Board Resolution Appointing Officers

A New Zealand corporate resolution documenting the board's formal appointment of company officers and their authorized powers.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.