The Capital Stock Example in Washington is a formal document known as the Resolution of the Board of Directors for a corporation. This resolution allows the Board to authorize the issuance of common stock to individuals in exchange for specified considerations, either in cash or through asset transfers. Key features of the form include sections for detailing the names of individuals receiving shares, the number of shares issued, and the form of consideration provided. It also includes space for signatures from directors and a certification section by the Secretary of the corporation to validate the resolution. Users should fill in the blanks accurately and ensure that all resolutions comply with corporate bylaws. This form is particularly useful for attorneys, corporate partners, entrepreneurs, associates, paralegals, and legal assistants involved in corporate governance and stock issuance. It streamlines the documentation process by providing a clear structure for record-keeping and compliance with applicable laws.