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RESOLUTION OF THE BOARD OF DIRECTORS OF[FULL LEGAL NAME OF SPONSORCORPORATION APPLY FOR AWARD]NO PLACE LIKE HOME: NONCOMPETITIVE ALLOCATION[Name of project as it appears in the No Place Like Home
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A board of directors resolution is a formal document that records decisions made by the board of directors of a corporation, typically requiring a vote and reflecting the intent of the board regarding a specific action or decision.
Typically, the secretary of the board or another designated officer of the corporation is responsible for filing the board of directors resolution.
To fill out a board of directors resolution, provide the date of the meeting, the names of the directors present, a clear statement of the resolution being passed, and the signatures of the board members or the secretary verifying the resolution.
The purpose of a board of directors resolution is to document and formalize decisions made by the board, ensuring that there is a record of the board's actions which is crucial for legality and accountability.
A board of directors resolution must typically report the date of the decision, the names of the directors present, the details of the resolution, and any relevant voting results, including names of directors who voted for or against it.
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