Sr., Guzman,
When a Dominican Corporation is the seller of a property, they must issue a resolution to authorize the sale of that property. My question is about this resolution by the Corporation. Does the resolution need to be signed under notary by only the President and Secretary or by all the Shareholders that make up the Corporation? I believe the resolution is called an 'Acta de Assemblea'. From what I understand, the shareholders must be the signatories on this resolution document for the Jurisdiccion to transfer the title to the buyer. Thank you for answering my question once again.
When a Dominican Corporation is the seller of a property, they must issue a resolution to authorize the sale of that property. My question is about this resolution by the Corporation. Does the resolution need to be signed under notary by only the President and Secretary or by all the Shareholders that make up the Corporation? I believe the resolution is called an 'Acta de Assemblea'. From what I understand, the shareholders must be the signatories on this resolution document for the Jurisdiccion to transfer the title to the buyer. Thank you for answering my question once again.
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