Issue Shares Without Shareholder Approval In Tarrant
State:
Multi-State
County:
Tarrant
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 requiring shareholder approval in Tarrant. It provides a formal procedure for the board to approve the issuance of common stock based on the payment made to the corporation. Key features include the identification of the shares being issued, the consideration for the shares, and the roles of the President and Secretary in executing the issuance. Filling instructions involve completing the specified sections with the names of the individuals receiving shares, the number of shares, and the consideration received. This form is particularly useful for attorneys, partners, and corporate owners who need to ensure compliance with corporate governance standards without the need for shareholder consent. Paralegals and legal assistants can utilize this form to streamline the stock issuance process and maintain accurate corporate records. Overall, it simplifies the administrative burden while adhering to legal requirements.
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