South Dakota Proposal to amend certificate of incorporation to authorize a preferred stock
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How to fill out Proposal To Amend Certificate Of Incorporation To Authorize A Preferred Stock?
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FAQ
The Articles of Incorporation states the name, purpose, place of office, incorporators, capital stock, and term of the Company upon its establishment. The By-Laws outline the rules on annual and special meetings, voting, quorum, notice of meeting and auditors and inspectors of election.
N. an organization formed with state governmental approval to act as an artificial person to carry on business (or other activities), which can sue or be sued, and (unless it is non-profit) can issue shares of stock to raise funds with which to start a business or increase its capital.
A corporation is a legal entity that is separate and distinct from its owners or stockholders. It is an artificial being, created operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incident to its existence.
A corporation is recognized as an artificial person. The word incorporate comes from the Latin corpus, meaning body. It essentially means formed or added into a body and united by legal enactment. When a new legal entity is incorporated, owners are able to act as one.