Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Change Class Of Shares In Hillsborough
State:
Multi-State
County:
Hillsborough
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
When creating a new share class, the two documents you will need are: Board Resolution: this provides the Board minutes asking the shareholders for permission to create the new share class. Shareholders Resolution: this provides the shareholder approval.
This process is most commonly referred to as a 'redesignation', 'reclassification', or 'renaming' of shares. It involves converting issued shares from their existing class, i.e. 'type' or 'classification', to a different one.
You may contact the Property Appraiser's office at 813-272-6100 or visit their website at hcpafl to complete the online address change form.
How Do I Add or Change a Name on my Deed? The only way to change or add a name to a deed is by having a new deed prepared.
How to Transfer Ownership of a Corporation Consult your Articles of Incorporation and corporate bylaws. Contact the board of directors or shareholders. Find a buyer. Transfer ownership of stock. Inform the Secretary of State.
The shares of Class A common stock may be converted into shares of Class B common stock at any time on a share for share basis, and several shareholders (A shareholders) will convert their Class A common stock into Class B common stock immediately after the transaction ("initial conversion").
Shares can be converted from one class to another by way of special resolution or by lodging a notice with ACRA. However, non-redeemable preference shares cannot be converted into redeemable preference shares.
How to change classes of shares. If the directors wish to change the classes of shares described in the articles, or any of the rights attached to a class of shares, an amendment to the articles (see Amending your articles) of the corporation will be required. A special resolution of the shareholders is needed.