North Carolina Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment

State:
Multi-State
Control #:
US-CC-3-123
Format:
Word; 
Rich Text
Instant download

Description

This sample form, a detailed Proposed Amendment to Article 4 of Certificate of Incorporation to Authorize Issuance of Preferred Stock w/Copy of Amendment document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

The North Carolina Proposed Amendment to Article 4 of the Certificate of Incorporation aims to authorize the issuance of preferred stock for corporations registered in the state. This amendment allows companies to offer preferred shares with specific rights and privileges to shareholders, which can differ from common stockholders. Preferred stock is a type of equity security that grants certain advantages to its holders. These advantages can include priority over common stockholders in terms of dividend payments and liquidation proceeds, a fixed dividend rate, and the possibility of conversion into common stock at a predetermined ratio. By proposing this amendment, North Carolina seeks to attract more investors and provide corporations with flexibility in raising capital. The preferred stock can be tailored to match the requirements and preferences of different investors, such as institutional investors or venture capitalists, attracting a wider range of potential shareholders. The proposed amendment to Article 4 of the certificate of incorporation signifies a significant change for corporations operating in North Carolina. It expands their capital-raising options by granting them the authority to issue preferred stock. This amendment expands the range of financial instruments available to companies, allowing them to better structure their capitalization and meet the specific needs of their business. Different types of preferred stock that could be authorized under this amendment include cumulative preferred stock, convertible preferred stock, participating preferred stock, and adjustable-rate preferred stock, among others. Cumulative preferred stock ensures that any unpaid dividends accumulate and must be paid before any dividends can be distributed to common stockholders. Convertible preferred stock allows the shareholder to convert their preferred shares into common stock at a predetermined conversion ratio. Participating preferred stock provides the shareholder with the right to receive additional dividends alongside common shareholders if the company performs well. Adjustable-rate preferred stock offers a variable dividend rate that adjusts periodically based on market conditions. To view the comprehensive copy of the proposed amendment to Article 4 of the certificate of incorporation, please refer to the official North Carolina government website or consult legal counsel. It is crucial for businesses considering the issuance of preferred stock to review the specifics of the proposed amendment and understand its implications for their operations.

Free preview
  • Preview Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment
  • Preview Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment
  • Preview Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment

How to fill out North Carolina Proposed Amendment To Article 4 Of Certificate Of Incorporation To Authorize Issuance Of Preferred Stock With Copy Of Amendment?

US Legal Forms - one of the most significant libraries of legitimate types in the USA - provides an array of legitimate file templates it is possible to download or printing. While using site, you will get a large number of types for enterprise and specific uses, sorted by classes, claims, or key phrases.You can get the newest types of types such as the North Carolina Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment in seconds.

If you currently have a subscription, log in and download North Carolina Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment through the US Legal Forms library. The Download option will appear on each and every form you see. You have accessibility to all in the past delivered electronically types in the My Forms tab of your respective account.

If you want to use US Legal Forms the very first time, listed here are basic directions to obtain started out:

  • Be sure to have chosen the proper form for the town/state. Select the Preview option to analyze the form`s content. Read the form information to actually have selected the right form.
  • In the event the form doesn`t satisfy your demands, utilize the Look for area on top of the monitor to find the one that does.
  • Should you be satisfied with the form, verify your decision by clicking the Buy now option. Then, choose the pricing strategy you favor and offer your references to sign up for the account.
  • Approach the deal. Use your bank card or PayPal account to finish the deal.
  • Choose the file format and download the form on your product.
  • Make changes. Complete, modify and printing and indicator the delivered electronically North Carolina Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment.

Every design you added to your bank account lacks an expiration particular date and it is the one you have eternally. So, in order to download or printing an additional duplicate, just go to the My Forms area and then click around the form you require.

Obtain access to the North Carolina Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment with US Legal Forms, probably the most extensive library of legitimate file templates. Use a large number of expert and state-particular templates that meet up with your company or specific needs and demands.

Form popularity

FAQ

We're committed to making it easy for companies to do business in North Carolina. That's why our state fosters a pro-business environment, fueled by the lowest corporate income tax in the U.S. along with a favorable legal and regulatory climate, low business costs and qualified talent.

Form a North Carolina Corporation: Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account. File State Reports & Taxes.

Fees Domestic & Foreign Business Corporations*FeeArticles of Incorporation$125Application to Reserve a Corporate Name$30Notice of Transfer of Reserved Corporate Name$10Application to Register a Corporate Name by a Foreign Corporation$1028 more rows

To amend your North Carolina articles of incorporation, you just need to submit form B-02, Articles of Amendment, Business Corporation to the North Carolina Secretary of State, Corporations Division (SOS) by mail, in person, or online. A Coversheet for Corporate Filings is required for over the counter filings.

How to Start a corporation in North Carolina Choose a name for your business. ... Designate a Registered Agent in North Carolina. ... File Articles of Incorporation in North Carolina. ... Create your Corporate Bylaws. ... Appoint your Corporate Directors. ... Hold the First Meeting of the Board of Directors.

The state filing fee to incorporate in North Carolina is $125.00. It typically takes about 10 to 15 days to incorporate in North Carolina.

Interesting Questions

More info

Item 1. Enter the complete corporation name exactly as it appears in the records of the Secretary of State. Item 2. See form. Item 3. If provisions for ... (1) "Articles of incorporation" include amended and restated articles of incorporation and articles of merger. (2) "Authorized shares" means the shares of all ...Oct 1, 2023 — – Include amended and restated articles of incorporation and articles of merger. (2) "Authorized shares" means the Authorized shares. – The ... Apr 25, 2023 — A BILL TO BE ENTITLED. 1. AN ACT TO MAKE VARIOUS CHANGES TO THE NORTH CAROLINA BUSINESS. 2. CORPORATION ACT AND TO ELIMINATE DUPLICATIVE ... In case fewer than all the Series A Preferred Shares represented by any such certificate are redeemed, a new certificate or certificates shall be issued ... RESOLVED that any series of ESOP Preferred Stock authorized for issuance by the First Committee . . . shall have the voting rights set forth in Appendix A to ... 6 days ago — SAMHSA may approve, deny, or request additional material to further document and evaluate your post award amendment. If the amendment request is ... by ER Latty · Cited by 56 — The proposed Act's Section 43 deals with subscriptions for shares in many ... copies for certification under Section 4 (c). Page 32. 56. NORTH CAROLINA LAW ... by GB Stott · 1951 — for a new issue may be necessary in order to increase the total author- ized number or amount of shares of capital stock authorized in the charter. It is ... If extensive amendments are proposed, the entity should consider filing a restated certificate of formation pursuant to section 3.059 of the BOC (Form 414).

Trusted and secure by over 3 million people of the world’s leading companies

North Carolina Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment