Ontario Corporate Resolutions to Convert Debt to Equity

Authorize a conversion of debt to equity with these corporate resolutions for an Ontario corporation.

The directors and shareholders of the corporation resolve to cancel an existing shareholder loan.
They then resolve to add the outstanding principal balance of the loan to the shareholder's stated capital account.
The resolutions are made pursuant to the Ontario Business Corporations Act.

These Ontario Corporate Resolutions to Convert Debt to Equity are available as a downloadable and fully editable MS Word file.

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