Canada Directors Resolutions Redeeming Shares

Before a Canadian corporation can redeem any of its issued shares, the action must be authorized by a Resolution of the Directors.

• Use this easy downloadable template to prepare the Resolution form.
• By passing the Resolution, the Board of Directors authorizes the redemption of shares from a shareholder.
• The shares will be redeemed provided that the corporation determines that redeeming the shares would not render the corporation unable to meet its liabilities.
• A resolution for redemption of shares also requires the consent of the shareholders.
• This corporate template can be used by federal corporations and in any province which has a Business Corporations Act.

Download the Canada Directors Resolution to Redeem Shares - fully editable MS Word template.