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Rhode Island Statement of Cancellation of Redeemable Shares (Domestic...

Rhode Island Statement of Cancellation of Redeemable Shares (Domestic Corp)

Category:

Secretary of State - Business Corporation

State:

Rhode Island

Control #:

RI-SKU-0103

Format:

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Statement of Cancellation of Redeemable Shares (Domestic Corp)
A Rhode Island Statement of Cancellation of Redeemable Shares (Domestic Corp) is a document that must be filed with the Rhode Island Secretary of State in order to cancel redeemable shares of stock that have been issued by a domestic corporation in the state. This document must be signed by the corporation's president, treasurer, and a majority of the board of directors. It must include the name of the corporation, the total number of shares to be cancelled, the par value of the shares being cancelled, as well as the date of cancellation. There are two types of Rhode Island Statement of Cancellation of Redeemable Shares (Domestic Corp): the Certificate of Cancellation of Redeemable Shares, and the Statement of Cancellation of Redeemable Shares.

A Rhode Island Statement of Cancellation of Redeemable Shares (Domestic Corp) is a document that must be filed with the Rhode Island Secretary of State in order to cancel redeemable shares of stock that have been issued by a domestic corporation in the state. This document must be signed by the corporation's president, treasurer, and a majority of the board of directors. It must include the name of the corporation, the total number of shares to be cancelled, the par value of the shares being cancelled, as well as the date of cancellation. There are two types of Rhode Island Statement of Cancellation of Redeemable Shares (Domestic Corp): the Certificate of Cancellation of Redeemable Shares, and the Statement of Cancellation of Redeemable Shares.

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An Authorized Officer of the entity MUST sign and date the form. Instructions for Filing.Statement Of Cancellation Of Redeemable Shares (Domestic Corp) Form. This is a Rhode Island form and can be use in Business Corporation Secretary Of State. (3) "Cancel," with respect to an authorized share of a corporation, means the restoration of an issued share to the status of an authorized but unissued share. The. Cancellation of Redeemed Shares. Promptly upon its receipt of executed stock powers in accordance with Paragraph 1. When a company wants to purchase outstanding stock from shareholders, it has two options; it can redeem or repurchase the shares. When a company repurchases its shares, it can purchase the stock on the open market or from its shareholders directly.

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