Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Pennsylvania Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document used by corporations registered in the state of Pennsylvania to change the number of authorized shares in their corporate structure. This form is crucial when a company wants to increase or decrease the total number of authorized shares of stock that it is allowed to issue. The form is typically required to be filed with the Pennsylvania Secretary of State's office to ensure the corporation is in compliance with state laws regarding stock issuance. It is essential to accurately complete the form, addressing all relevant information required by the Secretary of State. The form will typically ask for details such as the name of the corporation, its registered office address, the current number of authorized shares, and the proposed change to the authorized shares. Additionally, the form may require specifying the class or classes of shares affected by the change, including any changes to the par value per share. There may be different types of Change Amount of Authorized Shares — Resolution Forms depending on the specific action taken by the corporation. For example, there may be separate forms for increasing the authorized shares, decreasing the authorized shares, or both. Each type of form will require different information to be completed. These resolution forms usually include a resolution statement that needs to be executed by the corporation's board of directors or shareholders. The resolution should outline the reason for the change in the authorized shares and declare the approval by the necessary individuals or entities. It is important to consult with an attorney or legal expert who specializes in corporate law to ensure the resolution form is completed correctly and in compliance with Pennsylvania state laws. Making mistakes or omissions on the form could lead to delays in processing or potential legal issues for the corporation. In summary, Pennsylvania Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document utilized by Pennsylvania-based corporations to modify the number of authorized shares. It is essential to accurately complete the form and comply with the requirements set by the Pennsylvania Secretary of State's office. Consulting with a legal professional can aid in completing the form correctly and avoiding potential issues.
