Distributions Of Capital Gains

State:
Multi-State
Control #:
US-CC-4-188C
Format:
Word; 
Rich Text
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Description

The document details a proposed amendment to the Articles of Incorporation of a company, permitting the use of capital surplus for distributions and share repurchases. This amendment allows the Board of Directors to utilize capital surplus for payments to shareholders, such as dividends, even in the presence of accumulated deficits. It emphasizes the flexibility afforded to the corporation under Georgia law, enabling it to enhance shareholder value through potential cash or property dividends and the buyback of shares. The amendment outlines that no distribution can occur if the corporation is or would become insolvent, and all accrued dividends on preferred shares must be paid. Legal counsel and professionals, such as attorneys and paralegals, should find this document valuable for understanding corporate governance and the implications of capital surplus distributions. Partners and owners can leverage this amendment to navigate financial decisions while ensuring compliance with applicable legal statutes. Overall, this form is essential for facilitating financial strategies that empower the company to respond proactively to market conditions and shareholder interests.
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  • Preview Approval of amendment to articles of incorporation to permit certain uses of distributions from capital surplus
  • Preview Approval of amendment to articles of incorporation to permit certain uses of distributions from capital surplus
  • Preview Approval of amendment to articles of incorporation to permit certain uses of distributions from capital surplus

How to fill out Approval Of Amendment To Articles Of Incorporation To Permit Certain Uses Of Distributions From Capital Surplus?

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FAQ

The most common types of advance directives are the living will and the durable power of attorney for health care (sometimes known as the medical power of attorney). There are many advance directive formats.

The two most common advance directives for health care are the living will and the durable power of attorney for health care. Living will: A living will is a legal document that tells doctors how you want to be treated if you cannot make your own decisions about emergency treatment.

The two most common advance directives for health care are the living will and the durable power of attorney for health care.

Advance directives are legal documents that extend a person's control over health care decisions in the event that the person becomes incapacitated. They are called advance directives because they communicate preferences before incapacitation occurs.

In Alabama, the document specifying the agent that would make your healthcare decisions is typically called a durable power of attorney for healthcare, and the document that specifies your desired medical treatment should you become terminally ill is called the living will.

This section of the advance directive form is called a Durable Power of Attorney for Health Care. It lets you appoint a specific person who is at least 19 years of age to make health care decisions for you if you are too sick to make decisions for yourself. This person will be called your Health Care Proxy.

- An advance directive is a written document that provides directions for the provision of care when a client is unable to make his or her own treatment choices; the two basic types of advance directives are the instructional living will and the durable power of attorney for health care.

An advance healthcare directive, also known as living will, personal directive, advance directive, medical directive or advance decision, is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or ...

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Distributions Of Capital Gains