Arkansas Action by Unanimous Written Consent of the Shareholders of (Name of Company)
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FAQ
Shareholder action by written consent refers to corporate shareholders' right to act by written consent instead of a meeting. This type of consent avoids some of the negative characteristics of shareholder meetings.
You will likely only be able to find out the names of certain shareholders of a company if the company is publicly traded. If a company is privately held, you may not be able to find out the names of the shareholders without contacting the company and asking.
As a shareholder you have the right to have your name properly inserted in the company's register of members. You also have the right to inspect and obtain copies of various company documents, records and registers: Provided reasonable notice has been given: Members can inspect these documents free of charge.
A company's constitutional documents are normally available for public inspection, whereas the terms of a shareholders' agreement, as a private law contract, are normally confidential between the parties.
Unlike voting trusts, voting agreements can be for any duration and do not need to be filed with the corporation.
Every company has a hierarchical structure of rights for the three main classes of securities that companies issue: bonds, preferred stock, and common stock.
Common Shareholders' Main RightsVoting power on major issues.Ownership in a portion of the company.The right to transfer ownership.Entitlement to dividends.Opportunity to inspect corporate books and records.The right to sue for wrongful acts.
In California, minority shareholders have the right to access crucial information about the corporation in which they hold an interest. They have the right to inspect the record of shareholders as well as the right to inspect the books, accounting records and the minutes of corporate meetings or proceedings.
Stockholders generally do not control day-to-day business decisions or management decisions, but they can influence business management indirectly through an executive board.
"The rights of a shareholder are many, and include the right to attend shareholders' meetings and vote in proxy elections. A shareholder also has the right to see corporate records, inspect the corporation's premises, receive notice of stockholder meetings, and be paid dividends."
