Issue Shares Without Shareholder Approval In Hennepin
State:
Multi-State
County:
Hennepin
Control #:
US-0041-CR
Format:
Word;
Rich Text
Instant download
Description
The document is a Resolution of the Board of Directors authorizing the issuance of corporate stock without shareholder approval in Hennepin. This form allows the board to approve the issuance of common stock based on financial contributions or asset transfers. Key features include sections for listing shareholder names, the number of shares issued, and the corresponding consideration for those shares. The form requires signatures from the directors of the corporation, signifying consent to the resolutions. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for streamlining the stock issuance process, ensuring compliance with legal requirements, and providing a clear record of decisions made by the board. It also aids in maintaining transparency and accountability in corporate governance. Filling and editing instructions emphasize the importance of accurate information in the provided tables and the need for proper documentation of board meetings. Use cases include situations where urgent funding is required, or when asset transfers necessitate immediate stock issuance without waiting for shareholder meetings.
Free preview
