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Resolution to Sell a Motor Vehicle

Corporate Resolution Sample

Some motor vehicles owned by companies may be considered by longer necessary for the proper operation of the business. As such, the members (LLC) or board of directors (Corporation) may create a corporate resolution to sell a motor vehicle.

This corporate resolution includes a vehicle description, the sales price, and the name of the buyer. If the vote does not pass, a corporate resolution can't be established to sell a motor vehicle.

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Sample Corporate Resolution to Sell a Motor Vehicle

(Text Only Version)

COMPANY NAME

Resolution to Sell a Motor Vehicle

WHEREAS, a certain motor vehicle owned by the Corporation is no longer necessary for the proper operation of the business; be it:

RESOLVED, to sell a certain motor vehicle described as VEHICLE DESCRIPTION, License Plate Number LICENSE PLATE NUMBER, V.I.N/ Number VIN NUMBER to BUYER for the sales price of $PRICE

The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of COMPANY NAME,a corporation duly formed pursuant to the laws of the state of YOUR STATE and that the foregoing is a true record of a resolution duly adopted at a meeting of the DIRECTORS/MEMBERS and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on MEETING DATE,and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation this DAY OF THE WEEK, CURRENT MONTH of CURRENT YEAR.

SECRETARY NAME, Secretary


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What kind of information do I need to create a resolution to sell a motor vehicle?

The purpose of any corporate resolution is to document the actions the board of directors will take on behalf of a corporation. When you create a resolution to sell a motor vehicle, you need to include the following information:

  1. The legal name of the corporation
  2. Vehicle description, including license plate number and V.I.N. number
  3. Name of the buyer and the sale price
  4. The state where the business is formed
  5. Information about the directors/members
  6. The current day, month, and year when the agreement is signed
  7. Signature and date signed

This resolution must document the actions that are authorized to be taken by the business and should be stored along with your corporate records.

Frequently Asked Questions

A simple authorization letter to sell a car contains the following elements. It states the person or company authorized to sell the car to its verified buyer. The vehicle details, including license plate number, car model, and chassis number, must be accounted for in the authorization letter. Any actions that the authorized person can't perform must be documented, such as selling car parts. The verified buyer's details must also be recorded, including their name, ID, and signature. All receipts and legal documents must be signed along with any additional terms accounted for.

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