Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
The District of Columbia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document that pertains to companies or corporations operating in the District of Columbia seeking a change in the number of authorized shares for their organization. This particular form is used to enact such changes through an official resolution. The purpose of this form is to facilitate the process of modifying the number of shares a corporation is authorized to issue. The authorized shares refer to the total number of shares that a corporation may legally issue to shareholders. Corporations often find the need to adjust this number to accommodate various business needs such as raising capital, acquiring new investors, or addressing changes in the company's ownership structure. This specific District of Columbia resolution form provides an official framework for companies to make such changes in compliance with relevant laws and regulations. It requires key information, including the corporation's name, state formation, and unique identification number. Additionally, the form will request details regarding the proposed changes, such as the desired increase, decrease, or overall modification in the number of authorized shares. It is important to note that there may be various types of District of Columbia Change Amount of Authorized Shares — Resolution Form— - Corporate Resolutions, each catering to different scenarios or circumstances. These variations may arise based on factors like the type of corporation (e.g., stock corporations, non-stock corporations) or the nature of the change sought (e.g., increasing authorized shares for fundraising purposes, decreasing authorized shares for consolidation). Overall, this District of Columbia resolution form ensures that the change in the number of authorized shares is properly recorded and implemented, guaranteeing compliance with the legal requirements of the district. It offers a standardized and official approach for companies to initiate and complete such changes efficiently and effectively.
