Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
The Wisconsin Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document used by corporations in Wisconsin to officially change the number of authorized shares in their company. This form is typically filed with the Wisconsin Department of Financial Institutions or the appropriate corporate filing office. The purpose of this resolution form is to document the decision made by the corporation's board of directors or shareholders to amend the company's charter or articles of incorporation in regard to the number of authorized shares. This resolution is necessary when a corporation wishes to increase or decrease the total number of shares available for issuance. Keywords: Wisconsin, Change, Amount, Authorized Shares, Resolution Form, Corporate Resolutions, legal document, corporations, Wisconsin Department of Financial Institutions, corporate filing office, board of directors, shareholders, amend, charter, articles of incorporation, number of authorized shares, increase, decrease, total number of shares, issuance. Different types of Wisconsin Change Amount of Authorized Shares — Resolution Forms may include: 1. Wisconsin Change Amount of Authorized Shares — Increase Resolution Form: This form is used when a corporation decides to increase the number of authorized shares available for issuance. This could be due to various reasons, such as the need for additional capital or anticipation of future growth. 2. Wisconsin Change Amount of Authorized Shares — Decrease Resolution Form: This form is used when a corporation decides to decrease the number of authorized shares. Companies may choose to decrease the number of authorized shares if they want to consolidate ownership, reduce the risk of dilution, or streamline their capital structure. 3. Wisconsin Change Amount of Authorized Shares — Multiple Class Resolution Form: In cases where a corporation has multiple classes of shares (e.g., common shares and preferred shares), this form may be used to modify the authorized share amounts for each class. This is necessary if the company wants to change the proportion of each class of shares or create new classes of shares. 4. Wisconsin Change Amount of Authorized Shares — Series Resolution Form: Some corporations may issue shares in series, which have different characteristics and rights compared to the main class of shares. This form is used to modify the authorized share amounts for each series of shares, allowing the corporation to adjust the distribution and allocation of these specialized shares. It is important for corporations to carefully complete and file the Wisconsin Change Amount of Authorized Shares — Resolution Form in accordance with the state's regulations. This form ensures that all necessary legal steps are taken to change the number of authorized shares, and that appropriate documentation is provided to the relevant authorities.
