Issue Common Stock For Cash In Franklin
State:
Multi-State
County:
Franklin
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Resolution of the Board of Directors allows a corporation in Franklin to issue common stock for cash and other assets. This form outlines the authorization process for the President and Secretary of the Corporation to issue certificates representing ownership of shares at a par value of One Dollar ($1.00) per share. Key features include detailing the amount of cash consideration and the specific assets being transferred for stock issuance. Filling instructions specify that users must clearly enter the names, number of shares, and amounts next to each individual. This template serves multiple use cases, enabling attorneys to ensure compliance, helping partners and owners to facilitate financial transactions, and assisting paralegals and legal assistants in document preparation. Its clarity and straightforwardness make it accessible for individuals with limited legal expertise, ensuring effective use in corporate actions.
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