Illinois Preferred Stock Certificate
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How to fill out Preferred Stock Certificate?
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FAQ
A certificate of designation is signed by a corporate officer attesting to the board of directors' designation of the terms, rights, preferences, and limitations of a new series of preferred stock.
Stock Designation with respect to a share of Company Common Stock means a designation by the holder of such share, provided by the Company to Parent no later than the Designation Deadline, to the effect that such share is designated to receive the Stock Designation Consideration.
A preferred stock certificate is a document that identifies the ownership share of an investor in a corporation.
To purchase a copy of a corporation's Articles of Incorporation, please visit the Illinois Secretary of State Department of Business Services website - - and scroll to the section titled Obtain a Corporation Annual Report or Articles of Incorporation.
An account designation is the name given to an investment account where shares cannot be directly held by the beneficial owner (e.g. a minor) and instead, are registered in the name of a trustee (e.g. a parent).
The four main types of preference shares are callable shares, convertible shares, cumulative shares, and participatory shares. Each type of preferred share has unique features that may benefit either the shareholder or the issuer.
All corporations must use one of the following in their names, usually at the end of the name: ?Incorporated,? ?Corporation,? ?Limited? or their abbreviations.
Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.
