Issue Shares Without Shareholder Approval In Nassau
State:
Multi-State
County:
Nassau
Control #:
US-0041-CR
Format:
Word;
Rich Text
Instant download
Description
The document outlines the resolution of the Board of Directors of a corporation authorizing the issuance of corporate stock without shareholder approval, a process permitted under specific circumstances in Nassau. The form details the issuance of common stock in exchange for cash or assets, mandating the signature of the President and Secretary of the Corporation upon receipt of the consideration. It includes sections for recording pertinent details such as the names of recipients, number of shares issued, and type of consideration provided. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to streamline stock issuance processes while ensuring compliance with corporate governance laws. It simplifies the documentation required to execute stock grants efficiently while maintaining an official record of the board’s decisions. Filling out this form involves clearly listing the names and relevant details, followed by a confirmation of adoption by the directors. This document serves as a crucial tool in corporate management, alleviating the need for shareholder voting in specific instances, thus expediting issuance for strategic growth or capital infusion.
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