Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Shares For Resolution In Salt Lake
State:
Multi-State
County:
Salt Lake
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Procedure for Written Resolutions Proposed by the Board The directors should include a statement with a copy that explains to the shareholders how to signal their approval. Likewise, the statement should clearly explain the timeline for response and when the deadline for passing the resolution lapses.
Corporate records. A corporation shall maintain appropriate accounting records. that shows the address of and the number of shares of each class and series held by each shareholder. A corporation shall maintain its records in written form or in any form capable of conversion into written form within a reasonable time.
Authorized shares. The articles of incorporation shall prescribe the classes of shares and the number of shares of each class that the corporation is authorized to issue.
Right to dissent. A shareholder is entitled to dissent and obtain payment of the fair value of his shares in the event of any other corporate action to the extent the articles of incorporation, bylaws, or a resolution of the board of directors so provides.
Consequences of transacting business without authority. A foreign corporation transacting business in this state without authority, or anyone in its behalf, may not maintain a proceeding in any court in this state until an application for authority to transact business is filed with the division.
Shareholder cause of action -- Relief. A shareholder of a closely held corporation who is injured by oppressive conduct may bring a private cause of action against the closely held corporation.
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