Capital Stock Vs Authorized Capital Stock In King
State:
Multi-State
County:
King
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Resolution of the Board of Directors' pertains to the concept of capital stock versus authorized capital stock in King. It outlines the procedures for issuing common stock by a corporation, specifying the roles of the President and Secretary in the process. The resolution primarily details the authorization to issue shares in exchange for cash or assets, ensuring that shares are fully paid and non-assessable. Key features include sections for listing the names of individuals receiving shares, the number of shares, and considerations involved. Filling and editing instructions emphasize the need for clarity in recording pertinent details such as the date and specific shares issued. This resolution serves as an essential tool for corporate governance and compliance, particularly useful for attorneys, partners, and corporate officers who need to formalize stock issuance. Additionally, associates, paralegals, and legal assistants will find this document beneficial for managing corporate records and ensuring adherence to bylaws. Overall, understanding capital stock versus authorized capital stock in King is crucial for accurate corporate documentation and shareholder transactions.
Free preview
