A Board Resolution For Authorising Director To Purchase Property is a crucial corporate governance document used when a company intends to acquire real estate assets. This resolution, compliant with U.S. federal and state corporate laws, formally delegates authority to a specific director to negotiate, execute documents, and complete property transactions on behalf of the corporation. It typically includes details about the property, purchase terms, and the extent of the director's authority. This document is particularly important for maintaining proper corporate records and ensuring compliance with internal controls and external regulations.

1. Title and Date: Formal identification of the resolution and date of meeting

2. Attendance Record: List of board members present and confirmation of quorum

3. Recitals: Background information explaining the purpose and context of the resolution

4. Resolution Statement: Formal declaration of board's decision and authorization

5. Property Details: Specific information about the property to be purchased

6. Authorization Scope: Specific powers granted to the director regarding the purchase

7. Signature Block: Official signatures of required board members and corporate secretary