Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
The South Dakota Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document that allows a corporation based in South Dakota to amend its authorized share capital. This form is typically utilized when the shareholders of a company decide to change the amount of shares that the corporation is authorized to issue. The form typically includes relevant details such as the name of the corporation, its registered address, and the date of the resolution. It also requires the shareholders to specify the current authorized share capital of the company and the desired amount of change. There may be different types of South Dakota Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions, such as: 1. Increase in Authorized Share Capital Resolution Form: This type of resolution form is used when the shareholders decide to increase the authorized share capital of the corporation. It involves specifying the current authorized share capital and the new desired amount to be authorized. 2. Decrease in Authorized Share Capital Resolution Form: In certain situations, the shareholders may opt to decrease the authorized share capital. This resolution form is used to record such a decision, requiring the shareholders to provide details of the current authorized share capital and the desired reduced amount. 3. Amending Articles of Incorporation Resolution Form: This type of resolution form is used when the shareholders decide to amend the company's articles of incorporation to reflect the change in the authorized share capital. It typically includes details such as the amended section of the articles and the revised authorized share capital. These resolution forms are essential to maintain the accuracy and legal compliance of a corporation's records. They serve as evidence of the shareholders' decision and are often required for filing with relevant authorities or for presenting to financial institutions. It is important to ensure that these resolution forms are accurately completed and signed by the authorized individuals within the corporation.The South Dakota Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document that allows a corporation based in South Dakota to amend its authorized share capital. This form is typically utilized when the shareholders of a company decide to change the amount of shares that the corporation is authorized to issue. The form typically includes relevant details such as the name of the corporation, its registered address, and the date of the resolution. It also requires the shareholders to specify the current authorized share capital of the company and the desired amount of change. There may be different types of South Dakota Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions, such as: 1. Increase in Authorized Share Capital Resolution Form: This type of resolution form is used when the shareholders decide to increase the authorized share capital of the corporation. It involves specifying the current authorized share capital and the new desired amount to be authorized. 2. Decrease in Authorized Share Capital Resolution Form: In certain situations, the shareholders may opt to decrease the authorized share capital. This resolution form is used to record such a decision, requiring the shareholders to provide details of the current authorized share capital and the desired reduced amount. 3. Amending Articles of Incorporation Resolution Form: This type of resolution form is used when the shareholders decide to amend the company's articles of incorporation to reflect the change in the authorized share capital. It typically includes details such as the amended section of the articles and the revised authorized share capital. These resolution forms are essential to maintain the accuracy and legal compliance of a corporation's records. They serve as evidence of the shareholders' decision and are often required for filing with relevant authorities or for presenting to financial institutions. It is important to ensure that these resolution forms are accurately completed and signed by the authorized individuals within the corporation.
