The Outstanding shares formula in Collin is a critical legal document designed to help corporations manage their shares effectively. This form outlines the resolution to amend and restate the Articles of Incorporation, ensuring compliance with legal requirements. Key features include authorizations for the corporation’s officers and the Secretary to execute necessary documents, making the process streamlined. Completing this form involves filling in the corporation's name, the date of the resolution, and securing signatures from the Secretary and shareholders. It targets attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for managing corporate governance related to shares. This form serves as a useful tool for ensuring that all amendments adhere to legal standards and reflect the best interests of the shareholders. Additionally, it reassures stakeholders that previous actions taken are ratified and confirmed, fostering organizational transparency. By utilizing this form, legal professionals can ensure that corporations maintain compliance while effectively managing their outstanding shares.