Capital Contribution Resolution In Cook
State:
Multi-State
County:
Cook
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Contribution Resolution in Cook is a formal document used by a corporation's Board of Directors to authorize the issuance of common stock in exchange for capital contributions. This resolution is adopted during a meeting and details the amount of money or assets contributed, establishing the basis for share allocation. Key features include sections for the names of contributors, the number of shares issued, and the consideration received in return. Filling out the form requires specifying the contributors and filling in the amounts and descriptions as outlined in the resolution. Attorneys, partners, and owners can use this form to ensure compliance with corporate governance and make official contributions clear. Paralegals and legal assistants may assist in drafting and editing the document to meet legal standards. This form is particularly useful for establishing shareholder equity and record-keeping for contributions, aiding in transparency and proper valuation within the corporation.
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