Ontario Directors Resolution Declaring Dividend of Company Property

Prepare a Directors Resolution Declaring Dividend of Company Property for an Ontario corporation with this easy-to-use template.

• The corporation wishes to dividend certain property that it owns to the shareholders, under subsection 38(1) of the Ontario Business Corporations Act.
• The corporation will not be insolvent or unable to pay its debts and liabilities as a result of the dividend.
• The directors set the monetary value of the property dividended, based on its determined value.

The Ontario Directors Resolution Declaring Dividend of Company Property is downloadable and fully editable.