Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Shares Resolutions With Ai In New York
State:
Multi-State
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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Form popularity
FAQ
What should shareholder resolutions include? Your corporation's name. Date, time and location of meeting. Statement that all shareholders agree to the resolution. Confirmation of the necessary quorum for business to be conducted. Names of shareholders present or voting by proxy. Number of shares for each voting shareholder.
Special resolution preparation If a company wishes to issue additional shares to a new shareholder, all existing shareholders within the company must pass a special board resolution to that effect.
An ordinary resolution passes if shareholders holding a simple majority (ie more than 50%) of the company's total voting rights approve the resolution (ie vote in its favour) a special resolution passes if shareholders holding at least 75% of the company's total voting rights approve the resolution.
Must include the specific date and time when the board met to pass the resolution. Must authorize a specific person or persons by name and title. Must include the types of contracts and agreements the specific individual or individuals can execute on behalf of the corporation.