Board Resolutions: Contributing Assets or Shares to a Wholly Owned Subsidiary (NJ) | Practical Law
Resolutions of the board of directors authorizing the contribution of assets or shares by a New Jersey parent corporation to a wholly owned New Jersey subsidiary. These resolutions also authorize execution of a contribution agreement if used in connection with the parent's contribution. These resolutions are drafted as Standard Clauses and should be inserted into board minutes or a form of unanimous written consent. These Standard Clauses have integrated notes with important explanations and drafting tips.