Issue Price For Stock In Contra Costa
State:
Multi-State
County:
Contra Costa
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Resolution of the Board of Directors is a formal document used to authorize the issuance of common stock within a corporation in Contra Costa. This form specifies the issue price for stock, which is set at a par value of One Dollar ($1.00) per share. Key features of the form include sections for listing the names of individuals receiving shares, the number of shares issued, and the consideration provided, either in cash or through asset transfers detailed in accompanying exhibits. The form must be completed and signed by the Corporation's President and Secretary during a Board meeting, following the bylaws of the organization. It serves an essential function for various legal professionals, including attorneys and paralegals, by ensuring compliance with corporate governance requirements and facilitating accurate record-keeping of stock issuance. Partners and owners can utilize this form to systematically document ownership and capital contributions, while associates and legal assistants may find it useful for preparing corporate filings or ensuring adherence to procedural norms in corporate law. The document is a vital tool for maintaining transparency and accountability in corporate financial activities.
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