Montana Proposal to amend the articles of incorporation to increase authorized common stock and eliminate par value with amendment
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How to fill out Proposal To Amend The Articles Of Incorporation To Increase Authorized Common Stock And Eliminate Par Value With Amendment?
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FAQ
Either the directors or shareholders of a company may increase or decrease the number of authorised shares for a particular share class by amending the Memorandum of Incorporation (?MOI?) and filing a COR15.
The par value of shares sets only a bottom limit for your business, but the board of directors may set the price of stock at any amount above par. Let's say your par value is $. 01 but the board of directors sells stock to an investor for $5.00 per share. This is perfectly legal.
If the value of the stocks ever drop below the par value, the corporation becomes liable to the shareholders for the price drop. No-par stocks completely avoid this whole process by having no minimum price or par value at all for the stocks.
Yes, a company can change the number of authorized shares it is allowed to issue. Public companies must often notify existing shareholders and call for a shareholder vote. The measure is then often reviewed at the following shareholder meeting.
Simply put, each share of common stock represents a share of ownership in a company. If a company does well, or the value of its assets increases, common stock can go up in value. An asset is any resource that holds value. On the other hand, if a company is doing poorly, common stock can decrease in value.
The stock's value or market price will often widely vary from par value.
To make amendments to your Montana Corporation, you submit the completed Articles of Amendment for Profit Corporation form to the Secretary of State by mail, fax or in person, along with the filing fee.
When a company's stock splits, the change in the par value is offset by a corresponding change in the number of shares so the total par value remains the same. The total stockholders' equity is unaffected by the stock split and no entries are recorded.
The number of authorized shares can be increased by the shareholders of the company at annual shareholder meetings, provided a majority of the current shareholders vote for the change.