CONSENT
OF DIRECTORS OF
* (NAME
OF CORPORATION)
TO
ACTION WITHOUT A MEETING
BANKRUPTCY
AND CALLING SHAREHOLDERS' MEETING
We,
the undersigned, being all of the directors of ______________________________ (Name of Corporation),
do hereby adopt the following resolutions by signing our written consent
thereto:
WHEREAS,
the Board of Directors of _____________________________________, hereinafter
referred to as "Corporation," has determined that said Corporation is
unable to meet its obligations as they become due in the usual course of
business and can no longer continue in business profitably, and,
WHEREAS,
the Board of Directors has been advised by the President of the Corporation
that various creditors have threatened to prosecute their claims against said
Corporation, it is
RESOLVED,
that said Corporation file a voluntary petition in bankruptcy, and, it is
FURTHER
RESOLVED, that a special meeting of the shareholders of said Corporation is
hereby called to vote upon the recommendation that the Corporation file a
voluntary petition in bankruptcy as presented by the Board of Directors, said
meeting to be held at the following time, date and place:
Time:
____________________________
Date: ____________________________
Place:
_________________________________________________________, and it is
FURTHER
RESOLVED, that the Secretary of this Corporation is hereby instructed and
directed to send immediate notice to all shareholders of the special meeting of
shareholders, which is to be held in accordance with applicable law and the
bylaws of this Corporation.
This
action shall be effective _______________________.
________________________________________
Director
________________________________________
Director