The Puerto Rico Issue Shares — Resolution For— - Corporate Resolutions is a legal document used by corporations in Puerto Rico to authorize the issuance of shares of stock. It is an important resolution that outlines the decision-making process and approval of the issuance of new shares. This resolution form serves as a record of the corporate decision to create additional shares and provides details such as the number of shares to be issued, the class or series of shares, the par value or price, and any restrictions or special conditions attached to these shares. The Puerto Rico Issue Shares Resolution Form is typically utilized by corporations when they need to raise capital, reward employees or management through stock-based compensation plans, or when they seek to acquire assets or merge with another company through stock transactions. There are different types of Puerto Rico Issue Shares — Resolution Form, which include: 1. Common Shares — This is the most basic type of shares issued by a corporation. Common shareholders have voting rights and the potential to receive dividends. 2. Preferred Shares — These shares entitle their holders to preferential treatment over common shareholders in terms of dividend payments and liquidation proceeds. Preferred shareholders usually do not have voting rights or have limited voting rights. 3. Restricted Shares — These are shares that come with certain restrictions imposed by the corporation. The restrictions can include a lock-up period, where the shares cannot be sold for a specified period of time, or requirements for certain performance targets to be met before the shares can be fully owned. 4. Convertible Shares — These shares can be converted into another class or type of shares based on predetermined conditions. This allows shareholders to potentially benefit from an increase in the value or prospects of the company. By utilizing the Puerto Rico Issue Shares — Resolution Form, corporations ensure that the issuance of shares is conducted in a legally compliant manner and that all necessary approvals are obtained from the board of directors and any relevant shareholders. This form serves as a crucial document in the corporate governance and decision-making process of Puerto Rican corporations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.