A formal statement of opinion or decision to take a certain action. See: corporate resolution.
Definition from Nolo’s Plain-English Law Dictionary
1) In business, an approval of an action or determination of policy of a corporation or limited liability company by the vote of its members, managers, or board of directors. 2) In government, a statement of policy, belief, or appreciation passed by a legislative body.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:23 pm