Share Sale Board Minutes of Seller
These are template board minutes of a seller to record the minutes of a meeting of the board of directors to approve the terms of the sale of the entire issued share capital of the target company to a third-party buyer.
When the seller in a share purchase transaction is a company, it will usually need to hold a board meeting to approve the transaction and the execution of the sale documents. These board minutes are suitable for a private company limited by shares selling the whole of the issued share capital of the target company. These board minutes consider the matters that are usually covered in a share sale as well as the documents that are produced to the meeting, the approval resolutions and the filing requirements.
These board minutes are in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.
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