Wisconsin Amendment to the articles of incorporation to eliminate par value
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FAQ
No-Par Value Stock Example. Imagine a company issues 100,000 shares of stock at $15/share. The company has decided to issue no-par stock. As part of the sale, the company received $1.5 million (100,000 shares * $15/share).
No-par stocks are those where the value of the stocks relies completely on the market, not at all based upon any guaranteed value (the par value) set at the issuance of the stocks.
Wisconsin Legislature: 180.1301. (b) The title to all property owned by the domesticating entity is vested in the domesticated entity without transfer, reversion, or impairment. (c) The domesticated entity has all debts, obligations, or other liabilities of the domesticating entity.
REQUIRED ANNUAL REPORT UNDER SECTION 180.1622, WIS. STATS. Form 18 is mandatory and must be used to file the REQUIRED ANNUAL REPORT for a Foreign Business Corporation. Failure to file this report may result in revocation under ss.
???Wisconsin law allows consumers to cancel certain transactions. In these transactions, merchants are required to provide the consumer with a notice that informs the consumer that the consumer has the right to cancel.
To make amendments to your Wisconsin articles of incorporation, you can file Wisconsin Form 4, Articles of Amendment ? Stock, for-Profit Corporation to the Wisconsin Department of Financial Institutions (DFI). The form is optional; you may draft your own Articles of Amendment.