Products tagged with 'conversion of debt'

Authorize a conversion of debt to equity with these corporate resolutions for an Ontario corporation.

• The directors and shareholders of the corporation resolve to cancel an existing shareholder loan.
• They then resolve to add the outstanding principal balance of the loan to the shareholder's stated capital account.
• The resolutions are made pursuant to the Ontario Business Corporations Act.
• The form is available as a downloadable and fully editable MS Word template. Other formats available by request.
• Intended for use only in the Province of Ontario, Canada.