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Board Resolution For Sale Of Company Property
"Need a Board Resolution For Sale Of Company Property to approve the sale of our manufacturing facility at 123 Industrial Road for SGD 5.2 million, with completion planned for March 2025; resolution should authorize our CEO and CFO to execute all necessary documents."
1. Title and Date: Formal identification of the resolution and date of meeting
2. Attendance: List of directors present and confirmation of quorum
3. Background: Context and reasons for the proposed property sale
4. Property Details: Specific description of the property being sold
5. Resolution Statements: Formal decisions being made by the board
6. Authorization: Powers granted to specific individuals to execute the sale
1. Valuation Details: Include when independent valuation has been conducted for major assets or when required by regulations
2. Shareholder Approval: Reference to shareholder approval requirement when transaction exceeds certain thresholds or requires shareholder approval
3. Conditions Precedent: Specific conditions that must be met before sale completion, used when sale is subject to specific conditions
1. Property Details Schedule: Detailed description of property including title details
2. Valuation Report: Independent valuation report if obtained
3. Sale Agreement: Draft or final sale agreement to be approved
4. Power of Attorney: If specific powers are being delegated for the transaction
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