Capital Stock Definition In Nassau
State:
Multi-State
County:
Nassau
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
This document outlines the resolution of the Board of Directors for a corporation regarding the issuance of capital stock, specifically focusing on the capital stock definition in Nassau. It specifies that shares of common stock, valuated at One Dollar ($1.00) each, are to be issued in exchange for cash or other assets. The resolution mandates the President and Secretary to process this issuance accordingly, ensuring shares are fully paid and non-assessable. The document also emphasizes the importance of recognizing payment sufficiency and identifying specific assets through attached exhibits. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form essential when documenting stock issuances, reinforcing compliance with corporate bylaw requirements. Additionally, the straightforward filling instructions make it user-friendly for individuals with varying levels of legal experience. This form serves as an official record that can protect both the entity and individuals involved in transactions against potential disputes.
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