Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Shares For Resolution In Utah
State:
Multi-State
Control #:
US-0034-CR
Format:
Word;
Rich Text
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Joint Resolution –A joint resolution must be passed by both House and Senate. It is used for matters involving both houses, such as appointing joint committees or issuing joint communiques. Proposals to amend the Utah Constitution are contained in joint resolutions.
16-10a-601 Authorized shares. (1) 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.
Under Utah common law, shares of water stock are akin to real property. They are generally transferred as appurtenances to land, except when the transfer conflicts with the water company's articles of incorporation.
Like a bill, a joint resolution requires the approval of both Chambers in identical form and the president's signature to become law. There is no real difference between a joint resolution and a bill. The joint resolution is generally used for continuing or emergency appropriations.
Declaring war. Repealing federal regulations issued by government agencies, through the Congressional Review Act. Terminating national emergency declarations. Amending the Constitution of the United States.
Forms of Congressional Action Bills. A bill is the form used for most legislation, whether permanent or temporary, general or special, public or private. Joint Resolutions. Joint resolutions may originate either in the House of Representatives or in the Senate. Concurrent Resolutions. Simple Resolutions.
Joint Resolution - This type of legislation has a similar method of passage as bills. It requires approval of both chambers and the signature of the President. Concurrent Resolution - This type of legislation addresses matters impacting both chambers. They are not submitted to the President for approval.