Written resolutions of the members of a private company approving a guarantee for a loan
Written resolutions of the members of a private company approving a guarantee for a loan

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • Written resolutions of the members of a private company approving a guarantee for a loan
  • ORDINARY RESOLUTIONS
  • EXPLANATORY NOTES FOR SHAREHOLDERS

Company number: [insert number]

The companies act 2006

Private company limited by SHARES

Written resolution[s] OF

[insert company name] Limited

(the Company)

Circulated on [insert circulation date]

Pursuant to Chapter 2 of Part 13 of the Companies Act 2006, the directors of the Company propose that the following resolutions be passed as ordinary resolutions:

ORDINARY RESOLUTIONS

  1. 1

    [that the terms of, and transactions contemplated by, a guarantee of all present and future obligations now or in the future owing to [insert name of beneficiary] by [insert name of borrower] (the Guarantee) be approved.

  2. OR

    that the directors of the Company be authorised to execute and deliver a guarantee of all present and future obligations now or in the future owing to [insert name of beneficiary] by [insert name of borrower] (the Guarantee) in the form produced to the meeting and initialled by the chair with such amendments as the directors may approve.]