Friday, July 01, 2005

Offer To Exchange Realty For Shares Resolution - Acceptance

Whereas, ____________________, the owner of certain real estate situated at ___________________ in the City of _____________, County of __________________, State of _________________, has offered to sell to the __________ Corporation (hereinafter sometimes referred to as the "Corporation"), the real estate, as more particularly described in the offer attached hereto, for the issuance to him of ____ percent of the authorized stock of the Corporation, fully paid and nonassessable; and

Whereas, the previously described real estate is valuable for the use and lawful purpose of the Corporation;

Now, therefore, be it resolved that the board of directors of the Corporation accept the offer and agree, on receipt of the deed transferring the real estate to the Corporation, to issue all
authorized stock of the Corporation, fully paid and nonassessable, in full payment thereof.

By the Board of Directors, this resolution is adopted ___________________.

Chairman, Board of Directors


The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.


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The forms are samples provided for discussion purposes only. Should you decide to use any of them in your business or personal activities, it is advised that you have them reviewed by competent legal counsel.