Modern corporation statutes give corporations a wide range of powers. Generally, a corporation may purchase its own stock if it is solvent.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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Download: Resolution of Directors of a Close Corporation Authorizing Redemption of Stock
Available from: USLegalForms.com
SKU: US-02533BG
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