The Hawaii Amendment to Articles of Incorporation is a legal document that allows a corporation in Hawaii to modify the terms of its authorized preferred stock. This amendment enables the corporation to alter specific provisions related to its preferred stock, such as dividend rights, liquidation preferences, voting rights, and conversion rights, among other terms. There are various types of Hawaii Amendment to Articles of Incorporation to change the terms of the authorized preferred stock. These may include: 1. Amendment to Dividend Rights: This type of amendment allows the corporation to adjust the dividend payments and frequency for its preferred stockholders. It may change the fixed dividend rate or modify the conditions under which dividends are paid. 2. Amendment to Liquidation Preferences: This amendment enables the corporation to revise the order of priority in which preferred stockholders receive their share in the event of liquidation or dissolution. It may also alter the calculation method for determining the liquidation preference. 3. Amendment to Voting Rights: This type of amendment permits the corporation to modify the voting rights attached to the preferred stock. It may expand or restrict the rights of preferred stockholders to vote on certain matters affecting the corporation's operations or management. 4. Amendment to Conversion Rights: This amendment allows the corporation to amend the terms and conditions by which preferred stockholders can convert their shares into common stock. It may alter conversion ratios, conversion dates, and other conversion-related provisions. 5. Amendment to Redemption Rights: This type of amendment enables the corporation to revise the terms of redeeming or repurchasing the preferred stock. The amendment may modify the redemption price, redemption period, or conditions under which the corporation can exercise its redemption rights. To initiate a Hawaii Amendment to Articles of Incorporation to change the terms of the authorized preferred stock, the corporation must follow the legal procedures prescribed by the Hawaii Revised Statutes (HRS). This typically involves drafting the proposed amendment, obtaining board of directors' approval, and subsequently gaining the approval of the corporation's shareholders. Once approved, the amended articles must be filed with the Hawaii Department of Commerce and Consumer Affairs, typically the Business Registration Division, to effect the change in the authorized preferred stock terms. It is important to consult with legal professionals or corporate attorneys familiar with Hawaii corporate law to ensure compliance and accuracy when preparing and filing the Hawaii Amendment to Articles of Incorporation.
Hawaii Amendment to Articles of Incorporation to change the terms of the authorized preferred stock
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There is a $50.00 filing fee and a $5.00 service fee. All fees are non-refundable. Name change eligibility: Only Hawaii residents are eligible for a name change granted by the Lieutenant Governor of the State of Hawaii.
The process of adding a member to a Hawaii LLC may involve amending the company's articles of organization to include the new member. Depending on the terms in the agreement, current LLC members may need to vote on it for the amendment to pass.
To make amendments to your Hawaii corporation, you provide Form DC-3, Hawaii Articles of Amendment to the State of Hawaii Department of Commerce, Business Registration Division (BREG). The articles of amendment can be filed by mail, fax, or in person.
The process takes 6-8 weeks. This excludes the final step of taking your Name Change Order to the Bureau of Conveyances for recording.
If you wish to change the name of your LLC, use the Articles of Amendment to Change Limited Liability Company Name. You can file the proper form by mail, fax, or in person. Hawaii requires businesses to use black ink on the forms. Be sure to include at least $25 for the filing fee.