Capital Contribution Resolution In Santa Clara
State:
Multi-State
County:
Santa Clara
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Contribution Resolution in Santa Clara is a formal document adopted by a corporation's Board of Directors to authorize the issuance of common stock in exchange for cash or assets. This resolution ensures that the corporation acknowledges the receipt of contributions, specifying the amount of cash or details of assets provided by contributors. The form includes sections to list the contributors' names, the number of shares to be issued, and the type of contribution made. It is essential for maintaining accurate corporate records regarding stock issuance and capital contributions. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful in facilitating the authorization process, ensuring compliance with corporate bylaws, and safeguarding corporate governance practices. When filling out the form, users should clearly specify the names, share amounts, and considerations associated with each contribution to ensure clarity and validity. Additionally, proper signatures from directors and the corporate secretary are necessary to legitimize the resolution and finalize the capital contributions.
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