Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
The Minnesota Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legally binding document used by corporations in the state of Minnesota to modify the number of authorized shares within their corporate structure. This form is typically used when a corporation intends to increase or decrease the number of authorized shares outlined in its articles of incorporation. Keywords: Minnesota, change, amount, authorized shares, resolution form, corporate resolutions, articles of incorporation. This form is essential for maintaining accurate corporate records and complying with state laws regulating the issuance and ownership of shares. It serves as a written record of the decision made by the company's board of directors or shareholders to modify the number of authorized shares. There are different types of Minnesota Change Amount of Authorized Shares — Resolution Forms that depend on the specific action taken, such as increasing the number of authorized shares or decreasing it. 1. Minnesota Increase Amount of Authorized Shares — Resolution Form: This form is used when a corporation wishes to increase the number of authorized shares outlined in its articles of incorporation. It requires a resolution from the board of directors or shareholders, specifying the new number of authorized shares and any associated terms or conditions. 2. Minnesota Decrease Amount of Authorized Shares — Resolution Form: This form is used when a corporation intends to decrease the number of authorized shares stated in its articles of incorporation. Similar to the increase form, it requires a resolution from the board of directors or shareholders, detailing the revised number of authorized shares and any other relevant information. Filling out the Minnesota Change Amount of Authorized Shares — Resolution Form involves providing essential information, including the corporation's name, registered agent, current number of authorized shares, and the proposed change. The form may also include sections to explain and authorize any additional actions required to effectuate the change in authorized shares. Once completed, the form must be signed by the appropriate parties, such as the board of directors or shareholders, and submitted to the relevant state authority, typically the Minnesota Secretary of State. This ensures compliance with state regulations and ensures that the change in authorized shares is legally recognized. In summary, the Minnesota Change Amount of Authorized Shares — Resolution Form is an important legal document used by corporations in Minnesota to modify the number of authorized shares. There are different forms based on the desired action, whether it is increasing or decreasing the authorized shares.
