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No. Company seals (aka corporate seals) are not legally required. However, some companies incorporated before 1988, may still require their use. Regardless of the law, many companies still choose to use a corporate seal to "stamp" their important legal documents.
Shareholders are entitled to inspect the company's financial books and records, including, but not limited to, financial statements, shareholder lists, corporate stock ledgers, and meeting minutes.
Mortgagee or its representatives shall have the right to examine and make copies of all books and records and all supporting vouchers and data related to the Secured Property at reasonable times upon reasonable written notice to Grantor.
The company seal contains the company's name, its year of incorporation and the state in which the company was filed. Think of the corporate seal as the official signature of your company.
A corporate seal is no longer required by LLCs or Corporations and any state in the United States.
The director, trustee, stockholder or member may inspect the corporate records in person or through a representative at reasonable hours on business days, as well as demand in writing and at his/her expense for copies of such records.
A corporate seal is a tool used to stamp a company signature on an official document. Such a seal conveys a company's agreement to the contents of a document.
Under the Federal Reserve's statutory examination authority, examiners may review all books and records maintained on the premises of a financial institution that is subject to Federal Reserve supervision. This authority extends to all documents on the premises.
Corporate seals are typically used to mark documents as official, authentic, or both. LLCs, S Corporations, C Corporations, nonprofits, LPs, and LLPs may opt for a company seal. Virtually any type of companyno matter the industrycan use a corporate embosser.
If a minority shareholder is being treated unfairly by the majority, she should first request an inspection of the corporation's records. An inspection allows the shareholder to objectively assess and verify any suspicions of financial impropriety.