Capital Contribution Resolution In Montgomery
State:
Multi-State
County:
Montgomery
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Contribution Resolution in Montgomery is a formal document adopted by the Board of Directors of a corporation to authorize the issuance of shares in exchange for cash or assets. This resolution outlines the process for both cash payments and the transfer of tangible or intangible assets, which may include equipment, ensuring that the corporation maintains proper records of equity ownership. Key features include spaces for detailing the names of contributors, the number of shares issued, and the consideration given for those shares. The resolution must be duly signed by the Board members and certified by the Secretary of the corporation to validate the actions taken. Filling out this form requires accurate entry of names and values, and it should be modified to reflect specific business situations as they arise. This document is particularly useful for attorneys, partners, owners, and associates involved in corporate governance and compliance matters. Paralegals and legal assistants can play a vital role in drafting, revising, and ensuring the timely execution of the resolution to meet legal requirements.
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