Capital Contribution Resolution In King
State:
Multi-State
County:
King
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Contribution Resolution in King is a formal document used by corporations to authorize and record capital contributions made by individuals in exchange for shares of corporate stock. This resolution is adopted by the Board of Directors during a meeting, ensuring compliance with corporate bylaws. Key features of the form include sections for detailing the names of individuals contributing capital, specifying the number of shares to be issued, and outlining the consideration for the shares, whether in cash or as assets. Users are instructed to fill in specific information, including the date of the meeting and the details of shares allocated. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear structure for documenting capital contributions, fostering transparency and legal compliance in corporate governance. By using this resolution, corporations can effectively manage stock issuance while safeguarding the interests of all stakeholders involved.
Free preview
