Wisconsin Proposed Amendment to articles of incorporation regarding preemptive rights
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How to fill out Proposed Amendment To Articles Of Incorporation Regarding Preemptive Rights?
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FAQ
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.
Under article XII, section 1, of the Wis- consin Constitution, amendments to the constitution must be adopted by two successive legislatures and then ratified by the electorate in a statewide election.
A preemptive right is a right of existing shareholders in a corporation to purchase newly issued stock before it is offered to others. The right is meant to protect current shareholders from dilution in value or control. Preemptive rights, if recognized, are usually set forth in the corporate charter.
Any amendment or amendments to this constitution may be proposed in either house of the legislature, and if the same shall be agreed to by a majority of the members elected to each of the two houses, such proposed amendment or amendments shall be entered on their journals, with the yeas and nays taken thereon, and ...
