The Stock Issue Format in Pima is a legal document used by corporations to authorize the issuance of common stock. Key features include the specification of the number of shares issued, the consideration for shares, and the identities of those receiving the shares. The form requires completion of essential details such as the date of the board meeting and signatures of the directors, ensuring proper corporate governance. For ease of use, the document includes sections for recording both cash payments and asset transfers in exchange for stock. This form is particularly beneficial for attorneys, partners, and owners who need to document stock issuance and comply with governance requirements. Paralegals and legal assistants can facilitate the process by ensuring accurate completion and filing of the resolution. Overall, this form serves as a valuable tool for corporations in managing equity and maintaining legal compliance.