Capital Stock Formula In Arizona
State:
Multi-State
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The resolution of the board of directors for a corporation in Arizona sets forth a formal process for the issuance of capital stock with a par value of $1.00 per share. It details how shares are to be issued in exchange for cash payments or the transfer of assets as outlined in Exhibits A and B. The document specifically includes sections for naming individuals who will receive shares, the number of shares issued, and the consideration provided. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who oversee corporate governance. It ensures that the issuance of stock aligns with corporate bylaws and provides a clear record of stock ownership. Users must fill out the resolution comprehensively, specifying names, share quantities, and considerations. The form endorses compliance with regulatory requirements and aids in maintaining accurate corporate records. Overall, it serves as essential documentation for corporations in Arizona navigating stock issuance processes.
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