Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
The "Alaska Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions" is a legally binding document that is used to modify the number of authorized shares of a corporation in the state of Alaska. This form helps businesses make changes to the number of shares available for purchase or issuance to shareholders, ensuring compliance with state laws and regulations. The form is typically used during key events such as corporate restructuring, mergers, acquisitions, or when a company is looking to raise capital by offering new shares. By using this form, the corporation's board of directors can officially authorize and document any changes to the number of authorized shares. The form typically consists of several sections, including a heading specifying the state (Alaska) and the purpose of the resolution form (to change the amount of authorized shares). The header is followed by sections requiring details such as the corporation's name, the date the resolution is adopted, and the names and titles of the directors who are approving the change. The main body of the form defines the resolution being proposed, which is to change the amount of authorized shares. This section may include language indicating the current authorized share amount and the new or revised amount being proposed. Additional sections may cover requirements and conditions related to the amendment, such as any necessary regulatory approvals or shareholder consent. The form may also provide space for recording any resolutions or decisions made during the meeting, as well as the signatures of the directors approving the resolution. Different types or variations of this form may exist depending on the specific circumstances or requirements of the corporation. For instance, there may be separate forms for changing the amount of authorized common shares versus preferred shares. Other variations may include specific forms for non-profit corporations or professional corporations operating under different legal frameworks. When completing the Alaska Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions, it is crucial to provide accurate and up-to-date information to ensure the validity and enforceability of the resolution. It is always recommended consulting with legal professionals or corporate advisors familiar with Alaskan corporate laws before making any changes to a corporation's authorized shares.
