Practical Law Glossary Item 7-382-3765 (Approx. 4 pages)
Glossary
Resolution
In the business entity context, the method by which a business entity approves a specified action, agreement, or determination. A resolution usually takes the form of a legal document voted on or consented to in writing by:
The board of directors or stockholders, in the case of a corporation (commonly referred to as a Board Resolution and Stockholder Resolution, respectively).