Capital Contribution Resolution In Los Angeles
State:
Multi-State
County:
Los Angeles
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Contribution Resolution in Los Angeles serves as a formal document enabling a corporation's Board of Directors to authorize the issuance of common stock in exchange for cash contributions or asset transfers. This resolution must be adopted during a regular or special meeting and includes details about the number of shares issued, the consideration for those shares, and the individuals receiving them. It is designed for use by attorneys, partners, owners, associates, paralegals, and legal assistants to ensure compliance with corporate governance and bylaws. The form allows for clarity in capital contributions by documenting the specifics of contributions and share allocations. Users must complete the sections specifying names, shares, and the value of contributions or assets. This resolution is essential for maintaining accurate corporate records and ensuring proper ownership representation. It can be utilized in various business transactions involving new or existing shareholders, thus streamlining the process of capital investment within a corporation.
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