Canada Directors Resolutions to Grant a Mortgage

Before a Canadian corporation can grant a mortgage to a lender, the Board of Directors must pass resolutions authorizing such an action. Use this template to prepare the necessary resolutions.

• The Board of Directors authorizes the corporation to mortgage certain property to a lender, as security for a loan, an operating line or other amounts advanced by the lender to the corporation.
• This downloadable template can be used by corporations incorporated under the Canada Business Corporations Act, or under any provincial Act.

The Canada Directors Resolution to Grant Mortgage form is a fully editable and easy-to-use MS Word template.