Is a DCR distribution agreement provided by addy?

A DCR distribution agreement is one of the key documents provided by addy as part of the issuance process.

For a brief overview of the document, please see below. Click here to view our template DCR distribution agreement.

• A director's consent resolution distribution agreement is a formal document where the directors of a company or partnership consent to and authorize the declaration and distribution of dividends or distributions to shareholders or unit holders.

• This agreement typically includes:

  1. Declaration of Distribution: The resolution states the amount per share or unit that will be distributed to the shareholders or unit holders.

  2. Authorization: It authorizes the officers or designated individuals to execute the necessary actions to effectuate the distribution, such as signing documents and completing transactions.

  3. Record Dates: It specifies the record date, which determines the shareholders or unit holders who are entitled to receive the distribution.

  4. Legal Compliance: It ensures that the distribution complies with the company's bylaws or partnership agreement, as well as relevant legal requirements and regulations.

  5. Execution: The agreement is signed by the directors, confirming their consent to the distribution and their authorization for it to proceed.