Capital Stock Definition In Massachusetts
State:
Multi-State
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The Capital Stock definition in Massachusetts refers to the total amount of shares that a corporation can issue, including both common and preferred stock, as stipulated in its articles of incorporation. This form, titled 'Resolution of the Board of Directors,' serves to document the decisions made by a corporation's board regarding the issuance of common stock. Key features include the authorization for the President and Secretary to issue stock certificates, the specification of share amounts and their consideration, and the formal adoption of the resolution at a board meeting. For filling out the form, users must provide the corporate name, the number of shares being issued, the consideration received for those shares, and the respective dates. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for ensuring compliance with Massachusetts corporate laws, facilitating stock issuances, and maintaining accurate corporate records. This form supports transparency in ownership and investment, making it essential for companies undergoing investment or ownership changes.
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