Utah Proposal to consider and approve offer to exchange outstanding shares and amend certificate of designations, preferences and rights with Fairness Opinion Report
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How to fill out Proposal To Consider And Approve Offer To Exchange Outstanding Shares And Amend Certificate Of Designations, Preferences And Rights With Fairness Opinion Report?
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FAQ
Typically, the articles must contain, at the very least: the corporation's name and business address. the number of authorized shares and the par value (if any) of the shares. the name and address of the in-state registered agent.
Most management actions are protected from judicial scrutiny by the business judgement rule: absent bad faith, fraud, or breach of a fiduciary duty, the judgement of the managers of a corporation is conclusive.
The Business Judgment Rule [1] Officers and directors must make decisions that they believe, in good faith, to be in the best interests of their companies and must make decisions after appropriate research and due diligence inquiries. The decisions must be the products of appropriate care and thought.
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.