The undersigned, who constitute all of the shareholders of [CORPORATION'S NAME], do hereby consent to the following:

RESOLVED, that the action of the board of directors on [DATE] in authorizing the purchase of [DESCRIBE] from [DIRECTOR'S NAME] for [PRICE & TERMS] is hereby approved.

 

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[SHAREHOLDER'S SIGNATURE] Date

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[SHAREHOLDER'S SIGNATURE] Date

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[SHAREHOLDER'S SIGNATURE] Date

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[SHAREHOLDER'S SIGNATURE] Date

NOTE: IF APPROVAL IS SOUGHT BY CONSENT RATHER THAN AT A SHAREHOLDER MEETING, ALABAMA REQUIRES THAT ALL SHAREHOLDERS MUST SIGN. THE CONSENT IS EFFECTIVE ON THE DATE THAT THE LAST SHAREHOLDER SIGNS THE CONSENT. THUS, THE DATING OF SIGNATURES IS IMPORTANT.