Utah Authority to Issue Additional Shares
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How to fill out Authority To Issue Additional Shares?
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FAQ
Liability of shareholders. A shareholder of a corporation, when acting solely in the capacity of a shareholder, has no fiduciary duty or other similar duty to any other shareholder of the corporation, including not having a duty of care, loyalty, or utmost good faith.
Articles of Incorporation Utah Name of the corporation. Type of entity. Corporate purpose. Corporate mailing and street address. Name, street, and mailing address of the registered agent. Incorporator's name and address. The number of shares* authorized by the corporation and their class, rights, and restrictions.
To start a corporation in Utah, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Division of Corporations & Commercial Code. You can file this document online, by mail or fax, or in person. The articles cost $70 to file.
A corporation shall keep as permanent records minutes of all meetings of its shareholders and board of directors, a record of all actions taken by the shareholders or board of directors without a meeting, and a record of all actions taken on behalf of the corporation by a committee of the board of directors in place of ...
Definition. "Oppressive conduct" means a continuing course of conduct, a significant action, or a series of actions that substantially interferes with the interests of a shareholder as a shareholder.
Under Utah law, corporations are not required to adopt bylaws. However, they can be very helpful and are viewed by some as necessary.
16-10a-601 Authorized shares. All shares of a class shall have preferences, limitations, and relative rights identical with those of other shares of the same class except to the extent otherwise permitted by this section and Section 16-10a-602.
16-10a-1501 Authority to transact business required. This applies to foreign corporations that conduct a business governed by other statutes of this state only to the extent this part is not inconsistent with those other statutes.