Issue From Stock Meaning In Suffolk
State:
Multi-State
County:
Suffolk
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The document titled Resolution of the Board of Directors serves as an official record outlining the decisions made by a corporation's Board regarding the issuance of common stock. It specifies that the Board acknowledges payment in cash or the transfer of assets as sufficient consideration for the issuance of shares. The resolution empowers the President and Secretary of the Corporation to issue stock certificates to designated individuals in exchange for their respective contributions. Key features include sections for the names of recipients, the number of shares issued, and the consideration provided for the stock. Filling instructions involve entering the relevant details as specified, and it requires the signatures of the Directors and the Corporation's Secretary. This document is particularly useful for attorneys, partners, and owners involved in corporate governance, ensuring compliance with legal requirements when issuing stock. Paralegals and legal assistants benefit from the clear structure and guidance provided, facilitating efficient preparation and documentation of stock issuance.
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