Utah 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
To make amendments to your Utah Corporation, you must provide the completed Articles of Amendment to Articles of Incorporation (Profit) form, with the processing fee, to the Division of Corporations & Commercial Code by mail, fax or in person. If faxing your amendments, include the Fax Cover Letter.
DEFINITION: A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence.
Under Utah law, corporations are not required to adopt bylaws. However, they can be very helpful and are viewed by some as necessary.
It is called a legal person because it can enter into a contract, own property in its own name, sue and be sued by others, etc. In essence, it is not human, but it acts through human beings. It is called an artificial person because it is invisible, intangible, and exists only in the vision of the law.
In other words, the theory posits that it is an act of the state, i.e. the issuance of the charter, that creates a corporation as a legal fiction. ingly, ?a corporation is an artificial being, invisible, intangible, and existing only in contemplation of law?.
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.
Definition of Corporation 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.