North Dakota Directors' Resolution Authorizing Recapitalization

State:
Multi-State
Control #:
US-0874BG
Format:
Word; 
Rich Text
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Description

Recapitalization is a change in the capital structure of a corporation. It may consist of an increase or decrease in the amount of capital stock, a revaluation of stock, a reclassification of stock, or a combination of several of these changes.

Recapitalization may be effected by the issuance of new shares, an exchange of new shares for old, or the retirement of existing shares.

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North Dakota Directors' Resolution Authorizing Recapitalization