Capital Contribution Resolution In Contra Costa
State:
Multi-State
County:
Contra Costa
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Contribution Resolution in Contra Costa is a formal document adopted by the Board of Directors of a corporation, outlining the issuance of common stock in exchange for capital contributions. This resolution authorizes the President and Secretary to issue certificates of stock upon acknowledgment of received cash or transferred assets, ensuring clarity on ownership and contributions. Key features include sections for specifying contributors, the number of shares, and corresponding considerations such as cash or equipment. The resolution must be filled out with accurate names, amounts, and dates to ensure legal validity. It is particularly useful for attorneys, partners, and owners looking to formalize capital contributions and for associates, paralegals, and legal assistants who require a structured template to facilitate this process. This document serves to protect the interests of both the corporation and its investors by clearly documenting the contributions and the equity received in return.
Free preview
