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Mississippi Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock

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US-CC-3-103I
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Description

This form is a document signifying approval of a proposal to file a restated certificate of incorporation in order to increase the authorized number of share of common stock for the corporation.
Certificate of Incorporation to Increase the
Authorized of Number of share of Common Stock

Title: Mississippi Proposal to Amend Restated Certificate of Incorporation: Increasing Authorized Number of Shares of Common Stock Keywords: Mississippi proposal, amend restated certificate of incorporation, authorized number of shares, common stock Introduction: The state of Mississippi's proposal to amend the restated certificate of incorporation relates to the critical matter of increasing the authorized number of shares of common stock for companies registered within the state. By modifying this provision, businesses can address their present and future capital requirements, better align themselves with market dynamics, and facilitate growth opportunities. This detailed description will outline the various types of Mississippi proposals to amend the restated certificate of incorporation specifically concerning the increase in authorized shares of common stock. 1. General Proposal to Increase Authorized Shares: This type of Mississippi proposal aims to modify the restated certificate of incorporation to allow companies to increase the total number of authorized shares of common stock they can issue. By raising this limit, businesses can accommodate potential capital influxes, respond to market demands, attract investments, and facilitate potential acquisitions or mergers. This proposal is intended to provide companies with increased flexibility, enabling them to maximize their growth potential. 2. Proposal for Additional Capital Infusion: This specific type of amendment focuses on increasing the authorized shares of common stock to generate additional capital for the company's growth and expansion plans. By raising the limit, businesses can issue more shares to investors, thus facilitating capital infusion. This proposal is often necessary when companies seek to secure funds for research and development, acquisitions, workforce expansion, infrastructure development, or other strategic initiatives. 3. Proposal to Address Share Dilution: Some companies may propose amending their restated certificate of incorporation to increase the authorized shares of common stock to combat the potential dilution of existing shareholders' ownership stake in the company. By enhancing the authorized share pool, these businesses aim to maintain existing ownership percentages among shareholders while issuing new shares for various purposes, such as employee stock option plans or fundraising efforts. This proposal ensures that both existing and potential shareholders' interests are safeguarded. 4. Proposal to Meet Regulatory Compliance: Companies running into regulatory barriers, particularly those requiring a minimum number of authorized shares of common stock, may propose amending their restated certificate of incorporation to increase the authorized shares. By doing so, businesses can comply with the state's legal requirements or any other regulatory frameworks they operate under, ensuring their continued operation and avoiding any penalties or legal complications. Conclusion: Mississippi proposals to amend the restated certificate of incorporation with regard to increasing the authorized number of shares of common stock are vital for companies operating in the state. By accommodating changing market demands, facilitating growth opportunities, attracting investments, and complying with regulatory frameworks, companies can ensure their long-term sustainability and adaptability within the dynamic business landscape.

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FAQ

DEFINITION: A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence.

In other words, the theory posits that it is an act of the state, i.e. the issuance of the charter, that creates a corporation as a legal fiction. ingly, ?a corporation is an artificial being, invisible, intangible, and existing only in contemplation of law?.

Definition of Corporation It is an artificial being, created operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incident to its existence.

It is called a legal person because it can enter into a contract, own property in its own name, sue and be sued by others, etc. In essence, it is not human, but it acts through human beings. It is called an artificial person because it is invisible, intangible, and exists only in the vision of the law.

If the articles of incorporation of a close corporation states the number of persons, not exceeding twenty (20), who are entitled to be holders of record of its stock, and if the certificate for such stock conspicuously states such number, and if the issuance or transfer of stock to any person would cause the stock to ...

The minimum number of members is one and the maximum number of members is 10. For income tax purposes, a CC is dealt with as if it is a company.

The maximum number is still 15. Only a One Person Corporation (OPC) may have a single stockholder and a sole director.

A close, or "closely held," corporation is a type of venture where the shareholders, directors and officers are typically the same people, and where all parties desire to remain a small, tight-knit group. Close corporations are restricted to no more than 30 shareholders.

Hence, limited period of existence and centralized management are not typical characteristics of a corporation.

If the articles of incorporation of a close corporation states the number of persons, not exceeding twenty (20), who are entitled to be holders of record of its stock, and if the certificate for such stock conspicuously states such number, and if the issuance or transfer of stock to any person would cause the stock to ...

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No amendment to the Articles of Incorporation of the Corporation that would have the effect of reducing the number of authorized shares of Common Stock or ... FOR THE REASONS DISCUSSED ABOVE, RADIAN'S BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS VOTE “FOR” APPROVAL OF THE PROPOSAL TO AMEND OUR AMENDED AND RESTATED ...PURPOSES AND EFFECTS OF PROPOSED INCREASE IN THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK The proposed amendment would increase the number of shares of ... Authority is hereby expressly granted to and vested in the Board of Directors of the. Corporation to provide for the issue of the Preferred Stock in one or more ... ... FOR the proposal to amend the Company's amended and restated certificate of incorporation. ... the proposed increase in authorized shares of common stock is not ... ... no preemptive rights under the Company's Restated Certificate of Incorporation or otherwise to purchase any of such shares. It is possible that shares of common ... Under the Employee Stock Plan, options to purchase an aggregate of approximately 2,805,000 shares ... Until March 1991, the Common Stock was traded on the NASDAQ ... 1. To vote upon a proposal to amend the Company's Amended and Restated Certificate of Incorporation, as amended to increase the number of authorized shares of ... ... PROPOSAL 1 APPROVAL OF INCREASE IN NUMBER OF AUTHORIZED SHARES OF COMMON STOCK The Board of Directors has adopted, subject to stockholder approval, an amendment ... How do I get a sales tax exemption certificate for a religious or charitable organization? ... Does Mississippi offer a sales tax exemption for manufacturers?

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Mississippi Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock