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Description
- A corporation that is a shareholder of the capital of an issuer may agree with the latter to purchase back shares of its own capital.
- The available resolution is suitable for the sale of a single class of shares that have already been fully paid by the shareholder to the issuer.
- This resolution meets the needs of a majority of corporations for relatively simple situations.
- In general, any decision concerning a corporation must be subject to a resolution passed by its board of directors.
- Any resolution of the corporation must be kept in its minute book.
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