North Carolina Approval of Restricted Share Plan for Directors with Copy of Plan

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Multi-State
Control #:
US-CC-14-187E
Format:
Word; 
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Description

This is an Approval of a Restricted Share Plan for Directors, to be used across the United States. This form restricts, or limits, a share plan for all Directors of a corporation. It should be modified to fit your particular needs.
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  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan

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FAQ

(b) A foreign LLC shall deliver with the completed application for the certificate of authority a certificate of existence or a document of similar import duly authenticated by the Secretary of State or other official having custody of limited liability company records in the jurisdiction under whose law it is ...

§ 57D-3-20. (a) The management of an LLC and its business is vested in the managers. (b) Each manager has equal rights to participate in the management of the LLC and its business. Management decisions approved by a majority of the managers are controlling.

If you are a minority shareholder, you have the right to vote, dissent, and access key documents. These rights give you a say in the selection of corporate directors, the sale of assets outside normal operations, corporate mergers, and share exchanges.

§ 57D-2-22. Amendment of articles of organization. (a) An LLC may amend its articles of organization to add or change a provision that is required or permitted in the articles of organization or to delete a provision that is not required to be included in the articles of organization.

§ 57D-3-20. (a) The management of an LLC and its business is vested in the managers. (b) Each manager has equal rights to participate in the management of the LLC and its business. Management decisions approved by a majority of the managers are controlling.

§ 57D-6-09. Upon dissolution of an LLC, the LLC shall deliver articles of dissolution to the Secretary of State for filing. The articles of dissolution must provide the following information: (1) The name of the LLC. (2) The effective date of the dissolution. (3) Any other information the LLC elects to provide.

Corporate bylaws are legally required in North Carolina. North Carolina law requires the incorporators or board of directors of a corporation to adopt initial bylaws?per NC Gen. Stat. § 55-2-06. The law doesn't specify when bylaws must be adopted, but this usually happens at the first organizational meeting.

§ 57D-2-20. Formation. (a) One or more persons may cause an LLC to be formed by delivering executed articles of organization to the Secretary of State for filing in ance with this Chapter and Chapter 55D of the General Statutes.

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North Carolina Approval of Restricted Share Plan for Directors with Copy of Plan