True Trust



PRE-INCORPORATION DESIGNATION OF DIRECTORS: Form used to designate corporate directors and officers and to describe their duties and compensation as part of pre-incorporation agreement

All the parties to this pre-incorporation agreement shall be the first directors of the corporation upon its organization, and shall serve as such until their several successors are elected and qualify pursuant to the bylaws of the corporation. The first directors shall _________[serve without remuneration or each receive the sum of _________ Dollars ($_____) for each meeting of the board, regular or special, actually attended or as the case may be].

_________[Name], one of the first directors of the corporation, shall serve as its general manager until _________[his or her] successor is duly selected and qualified, shall perform all services required of _________[him or her] in the general management and operation of the business of the corporation, and shall receive for such services as general manager a salary of _________ Dollars ($_____) per _________[month or year].

The bylaws shall provide that the officers of the corporation shall consist of a president, a vice-president, and a secretary-treasurer _________[add other officers, as required]. The first officers of the corporation, who shall take office and serve immediately upon its formation and until duly relieved by the board of directors, shall be _________[name], president; _________[name], vice-president; _________[name], secretary-treasurer; _________[add other appointees to additional offices, if any]. Until and unless the board of directors otherwise provides, the _________[monthly or yearly] salaries of the officers shall be as follows:

President: $

Vice-president: $

Secretary-treasurer: $

Pending specification of the duties of the corporate officers in the bylaws, they shall perform the duties customarily performed by such officers in similar business corporations.

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The following form is provided by from West Legal Directory for informational purposes only and is intended to be used as a guide prior to consultation with an attorney familiar with your specific legal situation. is not engaged in rendering legal or other professional advice, and this form is not a substitute for the advice of an attorney. If you require legal advice, you should seek the services of an attorney. © 2000 . All rights reserved.

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