Sale of Corporate Assets 
Form 2223 authorizes the distribution to shareholders of the cash received from the sale of corporate assets and to announce a plan of liquidation.~

Form 2223:     BOARD OF DIRECTORS' RESOLUTION FOR DISTRIBUTION OF PROCEEDS FROM SALE OF CORPORATE ASSETS~
BOARD OF DIRECTORS' RESOLUTION FOR DISTRIBUTION OF PROCEEDS FROM SALE OF CORPORATE ASSETS

RESOLVED, that the sum of > dollars ($> ) per share shall be distributed to the shareholders of record of this Corporation as of the > day of >  , 19> , as a liquidation payment, and 
FURTHER RESOLVED, that the Board of Directors hereby approves of the attached letter, which is to be sent to the shareholders of this Corporation by the President of this Corporation, announcing the liquidation of this Corporation. 
The undersigned, > , certifies that I am the duly appointed Secretary of > Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on > , 19> , and that such resolution is now in full force and effect. 
IN WITNESS THEREOF, I have affixed my name as Secretary of > Corporation and have attached the seal of > Corporation to this resolution.

Secretary 
Dated: > , 19> .