Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
The Rhode Island Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document that allows a corporation in Rhode Island to alter the number of authorized shares outlined in its organizational documents. This form is used to make changes to the corporation's capital structure, such as increasing or decreasing the authorized shares. The resolution form is designed to be used by corporations incorporated under Rhode Island state laws. It is typically used when a corporation wants to change the number of shares it is authorized to issue, which can have significant implications for the company's ownership and equity structure. The form starts with the necessary details such as the name of the corporation and the date the resolution is being adopted. It includes a section for the resolution itself, where the exact changes to the authorized shares are specified. This may involve increasing or decreasing the number of authorized shares and may also cover any changes to the par value or any other rights associated with the shares. The form also includes a section for the board of directors to sign and approve the resolution. The signature signifies the board's agreement to implement the changes and acknowledges that the resolution has been properly adopted according to the corporation's bylaws and state laws. It is important to note that there may be variations or different types of Rhode Island Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions. These variations could stem from specific circumstances or requirements unique to individual corporations or industries. Therefore, it is advisable to consult with legal professionals or corporate counsel to ensure the accuracy and appropriateness of the form for the specific situation at hand. Overall, the Rhode Island Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is an essential document for corporations seeking to make changes to their authorized shares in accordance with Rhode Island state laws and their own organizational documents.
