Allegheny Pennsylvania is a county located in the southwestern part of the state. Known for its rich history, scenic landscapes, and vibrant city life, it offers a diverse range of attractions and a strong business community. One type of corporate resolution commonly seen in Allegheny Pennsylvania is the "Change Amount of Authorized Shares" resolution form. This document is used by corporations to approve changes in the number of authorized shares available for issuance. The "Change Amount of Authorized Shares" resolution form is an important tool for businesses seeking to modify their capital structure. By increasing or decreasing the number of authorized shares, corporations can effectively manage their equity and respond to changing business needs. This resolution form typically requires shareholder approval and must comply with applicable laws and regulations. It is often presented during a corporate meeting or circulated for written consent. In Allegheny Pennsylvania, there are different variations of the "Change Amount of Authorized Shares" resolution form that cater to various corporate situations. These may include: 1. Increase in Authorized Shares: This resolution form is used when a corporation wishes to raise the maximum number of shares it can issue. It may be necessary to accommodate future capital raises or to enable the issuance of additional shares for employee stock option plans. 2. Decrease in Authorized Shares: This resolution form is employed when a corporation wants to reduce the number of authorized shares. This could occur if the company has experienced a decline in its capital needs or aims to consolidate its existing share structure. 3. Splitting or Reversing Stock Divisions: This resolution form may be used when a corporation wants to perform a stock split, resulting in a higher number of authorized shares with a proportionate decrease in their par value. Alternatively, a reverse stock split can consolidate a corporation's shares, reducing their number with a proportionate increase in par value. The "Change Amount of Authorized Shares" resolution form is an essential document for corporations operating in Allegheny Pennsylvania. It serves to facilitate transparent decision-making and ensures compliance with legal and financial requirements while allowing businesses to adapt their capital structures to meet changing market demands.
Para su conveniencia, debajo del texto en español le brindamos la versiĂ³n completa de este formulario en inglĂ©s. For your convenience, the complete English version of this form is attached below the Spanish version.