Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
The Virginia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document used by corporations in the state of Virginia to officially authorize a change in the number of authorized shares of stock available for issuance. This form is typically required when a corporation intends to increase or decrease the number of shares authorized under its Articles of Incorporation. This resolution form serves as a formal record of the decision made by the corporation's board of directors or shareholders regarding the change in the number of authorized shares. It contains various sections that need to be filled out accurately and completely to ensure legal compliance and transparency. The form begins with a title stating "Virginia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions", clearly indicating its purpose. Following the title, the form includes spaces to enter the name of the corporation, its registered office address, the date of the resolution, and the names and signatures of the individuals adopting the resolution (often the board of directors or shareholders). The main body of the resolution form includes a detailed description of the change being authorized. This section may provide options for increasing or decreasing the number of authorized shares and may also specify any restrictions or conditions related to the change. It may also include a statement referring to the relevant section of the corporation's Articles of Incorporation that will be amended as a result of the change. The form typically requires information regarding the existing number of authorized shares, the proposed new number of authorized shares, the class or classes of shares being affected, and the effective date of the change. It may also include space for any additional notes or explanations related to the change. It is worth mentioning that there may be different variations or types of the Virginia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions. These variations may occur due to specific requirements or provisions of the corporation's Articles of Incorporation, the type of change being authorized (increase or decrease), or if the change affects different classes of shares differently. These variations should be clearly identified in the form's title or within the body of the resolution. It is essential to consult with legal professionals or experts familiar with Virginia corporate laws and regulations when using the Virginia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions to ensure its proper completion and adherence to the specific requirements of the corporation and relevant governing laws.The Virginia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document used by corporations in the state of Virginia to officially authorize a change in the number of authorized shares of stock available for issuance. This form is typically required when a corporation intends to increase or decrease the number of shares authorized under its Articles of Incorporation. This resolution form serves as a formal record of the decision made by the corporation's board of directors or shareholders regarding the change in the number of authorized shares. It contains various sections that need to be filled out accurately and completely to ensure legal compliance and transparency. The form begins with a title stating "Virginia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions", clearly indicating its purpose. Following the title, the form includes spaces to enter the name of the corporation, its registered office address, the date of the resolution, and the names and signatures of the individuals adopting the resolution (often the board of directors or shareholders). The main body of the resolution form includes a detailed description of the change being authorized. This section may provide options for increasing or decreasing the number of authorized shares and may also specify any restrictions or conditions related to the change. It may also include a statement referring to the relevant section of the corporation's Articles of Incorporation that will be amended as a result of the change. The form typically requires information regarding the existing number of authorized shares, the proposed new number of authorized shares, the class or classes of shares being affected, and the effective date of the change. It may also include space for any additional notes or explanations related to the change. It is worth mentioning that there may be different variations or types of the Virginia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions. These variations may occur due to specific requirements or provisions of the corporation's Articles of Incorporation, the type of change being authorized (increase or decrease), or if the change affects different classes of shares differently. These variations should be clearly identified in the form's title or within the body of the resolution. It is essential to consult with legal professionals or experts familiar with Virginia corporate laws and regulations when using the Virginia Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions to ensure its proper completion and adherence to the specific requirements of the corporation and relevant governing laws.
