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A Board Resolution For Transfer of Assets is a crucial corporate governance document required when a company needs to transfer ownership of significant assets. It demonstrates proper corporate authorization under U.S. law and helps protect the company and its directors from potential liability. This document is typically needed during corporate restructuring, asset sales, subsidiary transfers, or major equipment disposals. It should detail the specific assets being transferred, consideration received (if any), and authorize specific officers to execute the transfer. The resolution must comply with state corporation laws, the company's bylaws, and federal regulations where applicable.

1. Title and Date: Official heading and date of the resolution

2. Recitals: Background information and context for the asset transfer, including reference to relevant laws and regulations

3. Resolution Statement: Formal declaration of board's decision to transfer assets

4. Description of Assets: Detailed identification of assets being transferred

5. Terms of Transfer: Key conditions and requirements of the transfer

6. Authorization: Specific powers granted to officers to execute the transfer

7. Certification: Secretary's certification of the resolution's adoption