Articles Any Legally Withdrawing

State:
Multi-State
Control #:
US-CC-3-369
Format:
Word; 
Rich Text
Instant download

Description

The document presents an amendment to the Articles of Incorporation of Pacific Enterprises, which aims to eliminate restrictions on retained earnings related to the payment of dividends on both Preferred Stock and Common Stock. The proposed amendment enables the company greater flexibility in distributing dividends, potentially increasing shareholder value. Approval from a majority of shareholders is necessary for the amendment to take effect. The current limitations, stemming from both the Articles of Incorporation and California General Corporation Law, restrict dividend payments solely to retained earnings, which have seen significant decline over recent years. By adopting this amendment, Pacific Enterprises plans to pay dividends from any legally available funds instead. This change serves a dual purpose: maintaining compliance with statutory requirements while facilitating financial maneuverability in dividend distribution. The document emphasizes that fulfilling the necessary financial tests set by law remains a prerequisite for any future distributions. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate governance and compliance, as it details the procedural and legal considerations for shareholder actions regarding the amendment.
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  • Preview Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor
  • Preview Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor
  • Preview Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor
  • Preview Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor

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FAQ

Write a clear and concise letter, signed by all authors, explaining the situation surrounding the manuscript, and the reason(s) for its withdrawal. Often, through the online manuscript submission process, there is a tab or link to directly ?contact the editor?, or you can look up his/her email from the website.

This means that the article will no longer proceed through the peer review process, will not be published and becomes the authors' ?property? once again, to revise and/or resubmit elsewhere if desired. An article can be withdrawn at any point before publication: Before it has been sent out for review.

I am writing to request the withdrawal of my manuscript entitled [title of manuscript] from consideration for publication in [name of journal]. The manuscript was submitted on [date of submission] and has been assigned the reference number [reference number]. The reason for withdrawal is [reason for withdrawal].

Unfortunately too though, you cannot withdraw a published paper. A manuscript can be 'withdrawn' before publication, and a published paper can be 'retracted. ' There are a variety of reasons for seeking to withdraw a manuscript, mostly on the author's side, as you can find out here.

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Articles Any Legally Withdrawing