Capital Contribution Resolution In Suffolk
State:
Multi-State
County:
Suffolk
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Contribution Resolution in Suffolk is a formal document adopted by the Board of Directors of a corporation to authorize the issuance of common stock in exchange for cash or assets. This resolution outlines specific details regarding the names of individuals receiving shares, the number of shares issued, and the consideration provided for those shares. Key features include the acknowledgment of sufficiency of consideration, the authorization of the President and Secretary to issue stock certificates, and the inclusion of details regarding asset transfers if applicable. To complete the form, users must fill in the corporation's name, the meeting date, and the details of contributions including names, quantities, and types of consideration. This document serves various target audiences including attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear structure for corporate governance and compliance. It is particularly useful for drafting corporate resolutions and ensuring accurate record-keeping for stock issuances. The form promotes transparency and legal clarity in capital contributions, making it essential for those involved in corporate management.
Free preview
