178h Amendment For Dummies

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US-CC-3-178H
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The 178h amendment focuses on changing the dividend rate for the $10.50 Cumulative Second Preferred Convertible Stock to a variable rate that can benefit current shareholders. This amendment is intended to allow holders of the Preferred Stock to receive either the fixed amount of $10.50 or a higher amount if the Common Stock dividend exceeds this threshold upon conversion. It's crucial for stockholders to vote on this amendment at the upcoming 1994 Annual Meeting to ensure the adoption of the new dividend policy. Attorneys and legal professionals will find this amendment significant when advising clients on stockholder rights and potential financial impacts. Partners and owners should consider how this change may affect investment strategies and shareholder relations. Paralegals and legal assistants can assist in preparing materials for the vote and ensuring compliance with Delaware law. Understanding this amendment is fundamental for all involved in corporate governance or those advising on financial securities within the context of corporate structuring.
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  • Preview Amendment of Restated Certificate of Incorporation to change dividend rate on $10.50 cumulative second preferred convertible stock
  • Preview Amendment of Restated Certificate of Incorporation to change dividend rate on $10.50 cumulative second preferred convertible stock
  • Preview Amendment of Restated Certificate of Incorporation to change dividend rate on $10.50 cumulative second preferred convertible stock

How to fill out Amendment Of Restated Certificate Of Incorporation To Change Dividend Rate On $10.50 Cumulative Second Preferred Convertible Stock?

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FAQ

An amendment may be proposed by a two-thirds vote of both Houses of Congress, or, if two-thirds of the States request one, by a convention called for that purpose. The amendment must then be ratified by three-fourths of the State legislatures, or three-fourths of conventions called in each State for ratification.

Hear this out loud PauseCongress must call a convention for proposing amendments upon application of the legislatures of two-thirds of the states (i.e., 34 of 50 states). Amendments proposed by Congress or convention become valid only when ratified by the legislatures of, or conventions in, three-fourths of the states (i.e., 38 of 50 states). Amending the U.S. Constitution ncsl.org ? about-state-legislatures ? amendin... ncsl.org ? about-state-legislatures ? amendin...

Hear this out loud PauseThe Constitution provides that an amendment may be proposed either by the Congress with a two-thirds majority vote in both the House of Representatives and the Senate or by a constitutional convention called for by two-thirds of the State legislatures. Constitutional Amendment Process | National Archives archives.gov ? federal-register ? constitution archives.gov ? federal-register ? constitution

Hear this out loud PauseThe Eighteenth Amendment?which illegalized the manufacture, transportation, and sale of alcohol?was passed by the U.S. Congress in 1917. In 1919 the amendment was ratified by the three-quarters of the nation's states required to make it constitutional. Eighteenth Amendment | Definition, Summary, & Facts Britannica ? topic ? Eighteenth-Ame... Britannica ? topic ? Eighteenth-Ame...

Hear this out loud PauseNineteenth Amendment Explained. The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex. U.S. Constitution - Nineteenth Amendment | Library of Congress congress.gov ? amendment-19 congress.gov ? amendment-19

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178h Amendment For Dummies