Oklahoma Initial Incorporator Action Electing Initial Directors of Corporation
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FAQ
Incorporators can be artificial beings. Non-stock corporations may be formed or organized by charitable, religious, educational, professional, cultural, recreational, fraternal, literary, scientific, social, civic service, or similar purposes.
Incorporator means a person who signed the original articles of incorporation.
Incorporators are those stockholders who originally form a corporation, and whose signatures appear in the Articles of Incorporation.
Both incorporators and directors play important roles with regards to corporate entities. Typically, the duties of these individuals vary greatly. An incorporator's primary role takes place before a corporate entity is formed, and a director's duties kick in after corporate formation.
Incorporator's (or Officers' or Directors') Names and Addresses. An incorporator is a person or company that is responsible for incorporating a business; an incorporator is not necessarily the same as a corporation officer or director. Most states require you to provide the name and address of one or more incorporators
The incorporator typically executes a document called an Action of Incorporator (also called an Initial Action by the Sole Incorporator), in which the incorporator adopts bylaws for the corporation, sets the size of the board of directors, and elects the initial board of directors.
An individual who signs the Articles of Incorporation on behalf of an incorporator, which is not a natural person, may not be named as a director or trustee in the same Articles of Incorporation, unless when the said individual is also the owner of at least one (1) share of stock, or is also a member, of the
The incorporator is basically the person in charge of filing and interacting with CIPC. Don't be alarmed, they are not a shareholder or director, and they cannot play any role regards the running of the company.
Initial Director means a person who is a Non-Employee Director at the date of requisite approval of this Plan by the shareholders of the Company.
The Initial Action by the Sole Incorporator has the incorporator appoint the first directors. Then the board of directors elects officers, authorizes the issuance of stock to founders, establishes a bank account, and authorizes the payment of incorporation expenses.
