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Charitable Checking Account Corporate/Organization Resolution and Indemnity?cation SM Use this form to certify the names of officers and/or employees who are authorized to act on behalf of your corporation

How to fill out organization resolution and indemnification

Point by point instructions on how to fill out organization resolution and indemnification:

1. Start by familiarizing yourself with the purpose and importance of an organization resolution and indemnification. Understand that an organization resolution is a formal document approved by the board, shareholders, or members of an organization that outlines important decisions or actions. Indemnification, on the other hand, refers to the protection of individuals or entities from legal responsibility or financial loss.
2. Determine the need for an organization resolution and indemnification. Typically, organizations such as corporations, non-profit entities, or associations require organization resolutions to make significant decisions or changes. Indemnification provisions may be necessary to safeguard individuals serving on the organization's board or those involved in important decision-making roles.
3. Review the template or format provided by your organization's legal advisor or professional service provider. Understand the sections or components typically included in an organization resolution and indemnification. These may include the preamble, main resolution, voting requirements, effective date, and any specific indemnification clauses.
4. Begin drafting the organization resolution by including a formal heading or title. This should clearly indicate that it is an organization resolution addressing a specific matter.
5. Write the preamble, which should provide a brief background or context for the resolution. It may mention the purpose, need, or authority under which the resolution is being adopted.
6. Detail the main resolution in clear and concise language. This section should address the specific decision or action that the organization is taking. This could include appointing new officers, approving a change in bylaws, authorizing financial transactions, or making significant policy changes.
7. Specify any voting requirements for the resolution to be considered valid. This may depend on the organization's governing documents or applicable laws. Include details about who needs to vote, the required majority for approval, and any quorum requirements.
8. Indicate the effective date of the resolution. This ensures that it is clear when the decisions or actions outlined in the resolution go into effect.
9. If applicable, include indemnification provisions to protect individuals involved in the organization. Specify the extent of indemnification, circumstances under which it applies, and any limitations or conditions.
10. Before finalizing the organization resolution and indemnification, seek legal counsel or input from experienced professionals who can review and provide guidance on its content and compliance with applicable laws.

Who needs organization resolution and indemnification?

1. Organizations such as corporations, non-profit entities, or associations often require organization resolutions to make important decisions or changes. These resolutions provide a formal record of approved actions and ensure adherence to legal requirements.
2. Individuals serving on the organization's board or involved in significant decision-making roles may also require indemnification. This protects them from potential legal responsibility or financial loss that may arise during the course of their duties.

Remember, while these instructions provide a general outline, it is crucial to consult with legal professionals or advisors familiar with your organization's specific needs and governing laws to ensure accuracy and compliance.

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