Montana Authority to Issue Additional Shares

State:
Multi-State
Control #:
US-CC-12-1931
Format:
Word; 
Rich Text
Instant download

Description

This form may be used by a company's Board of Directors to allow for the purchase of additional stock beyond the original agreement with a second party. The form specifically states the conditions under which the additional purchase will be allowed.
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FAQ

It is possible for private limited companies to add new shareholders at any point after incorporation. For this to be done, the existing shares need to be sold or transferred by an existing shareholder to the new shareholder. On the other hand, an organisation could raise its share budget by authorising new shares.

The Montana Constitution guarantees citizens both a right to know and a right to privacy. When it comes to public records, these guarantees sometimes seem to conflict. Article 2, Section 9 of the state constitution states: ?No person shall be deprived of the right to examine documents.

45-8-220. Criminal invasion of personal privacy. (1) Except as provided in subsection (2), a person commits the offense of invasion of personal privacy if the person knowingly or purposely obtains or attempts to obtain personal or confidential information about an individual while posing as the individual.

Section 10. Right of privacy. The right of individual privacy is essential to the well-being of a free society and shall not be infringed without the showing of a compelling state interest.

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Montana Authority to Issue Additional Shares