Issue Common Stock For Cash In Mecklenburg
State:
Multi-State
County:
Mecklenburg
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The document is a Resolution of the Board of Directors that authorizes the issuance of common stock for cash in Mecklenburg. It begins with the identification of the corporation and the date of the meeting where the resolution was adopted. The resolution highlights the process by which the Board approves the issuance of shares in exchange for a specified cash amount, recognizing the cash payment's sufficiency. Additionally, it specifies the legal authority granted to the President and Secretary of the Corporation to issue stock certificates, ensuring that shareholders receive fully paid and non-assessable shares. The document also provides a framework for issuing shares in exchange for assets, described in attached exhibits. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate the capital-raising process by documenting Board decisions on stock issuance. It ensures compliance with corporate governance principles and provides clarity in ownership stakes among shareholders. Overall, the form serves as an essential tool for establishing and formalizing stock issuance transactions.
Free preview
