Canada Directors Resolution to Declare Share Dividends

Prepare a Resolution of the Directors of a Canadian corporation declaring dividends on shares with this ready-made template.

• The dividend is payable to the holders of a particular class of shares.
• The form is fully editable and can be customized for any province in Canada which has a Business Corporations Act.

Download the Canada Directors Resolution Declaring Share Dividends, or copy and paste the text below.

RESOLUTIONS OF THE DIRECTORS OF (NAME OF CORPORATION)
(the /Corporation/)

DECLARATION OF DIVIDENDS

WHEREAS the Corporation wishes to issue a dividend on the Class "________" shares of the Corporation;

BE IT RESOLVED THAT the Corporation pay a dividend of $_________________, being a dividend of $_________________ per share on the issued and outstanding Class "______" shares of the Corporation, and that the same be and is hereby declared payable on the _________________ day of _________________, ___________, to all shareholders of record on the close of business on the _________________ day of _________________, __________.

DATED at ___________________________ this ______ day of ________, 20_____.

The undersigned being all of the directors of the Corporation, hereby adopt the foregoing resolutions pursuant to the provisions of the Business Corporations Act (____________).


______________________________
Signature of Director


______________________________
Signature of Director