Wyoming Authority to Issue Additional Shares refers to the legal power granted to corporations incorporated in Wyoming to increase their existing number of authorized shares. This authority allows the corporation to issue additional shares to raise capital, accommodate new investors, or facilitate stock splits. Corporations in Wyoming can have different types of authority to issue additional shares, including: 1. General Authority: Under Wyoming law, corporations typically have "general authority" to issue additional shares. This authority provides flexibility to increase the number of authorized shares without the need for shareholder approval. 2. Specific Authorization: In certain cases, corporations may need specific authorization from shareholders to issue additional shares. This can be required if there are limitations or restrictions mentioned in the corporation's articles of incorporation or bylaws. 3. Preemptive Rights: Wyoming law allows corporations to grant preemptive rights to existing shareholders, ensuring them the opportunity to purchase new shares before they are offered to third parties. This type of authority allows shareholders to maintain their proportional ownership within the corporation. 4. Statutory Limitations: Wyoming corporations must be mindful of specific statutory limitations on the issuance of additional shares. These limitations may include restrictions due to the corporation's capital structure, the purpose for which the shares are being issued, or regulatory and compliance requirements. 5. Dilution Protection: Wyoming corporations may seek to preserve the existing ownership percentage of certain shareholders by implementing anti-dilution provisions. These provisions can limit the impact of the issuance of additional shares on the proportional ownership stakes of existing shareholders. 6. Stock Dividends: Wyoming corporations can also utilize their authority to issue additional shares for the purpose of stock dividends. Stock dividends involve distributing additional shares to existing shareholders as a way to reward them, without increasing the overall ownership proportion or diluting each individual's stake. In summary, Wyoming Authority to Issue Additional Shares refers to the legal power granted to corporations incorporated in Wyoming to increase their number of authorized shares. This authority provides flexibility to raise capital, accommodate new investors, implement stock splits, and reward existing shareholders. Corporations in Wyoming may have different types of authority, ranging from general authorization to specific shareholder approvals, preemptive rights, statutory limitations, dilution protection, and stock dividends.
Wyoming Authority to Issue Additional Shares
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Action without meeting. (a) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this act to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by the requisite number of members of the board.
Wyoming Sunshine Law The Wyoming Sunshine Lawis a series of laws designed to guarantee that the public has access to public records of government bodies at all levels.
Action without meeting. (a) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this act to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by the requisite number of members of the board.
Authority to transact business required. (a) A foreign corporation may not transact business in this state until it obtains a certificate of authority from the secretary of state.
Authority to transact business required. (a) A foreign corporation may not transact business in this state until it obtains a certificate of authority from the secretary of state.
Wyoming shareholders have the right to inspect and corporate books and records, including: minutes of both shareholder and director meetings, accounting records, list of shareholders, by-laws, and articles of incorporation.
§ 14-6-216. The court shall appoint a guardian ad litem for a child who is a party to proceedings under this act if the child has no parent, guardian or custodian appearing in his behalf or if the interests of the parents, guardian or custodian are adverse to the best interest of the child.
17-16-401. Corporate name. (c) A corporation may apply to the secretary of state for authorization to use a name that is not distinguishable upon the secretary of state's records from one (1) or more of the names described in subsection (b) of this section.