Capital Stock On Balance Sheet In Franklin
State:
Multi-State
County:
Franklin
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The document is a Resolution of the Board of Directors for a corporation, focusing on the issuance of common stock that is essential for recording capital stock on a balance sheet in Franklin. It outlines the procedures for issuing shares in consideration of cash payments or asset transfers, detailing the number of shares, par value, and ownership certificates. This resolution must be adopted during a board meeting in compliance with corporate bylaws. The key features include authorization for the President and Secretary to issue shares, verification of payment sufficiency, and the creation of a stock certificate for shareholders. Filling instructions involve entering the names of individuals, number of shares issued, and details of consideration received. This form is particularly useful for attorneys, partners, and corporate owners to document equity transactions clearly. Associates, paralegals, and legal assistants may find it beneficial for maintaining corporate records and ensuring compliance with regulations regarding stock issuance.
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