Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
The Washington Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is a legal document used by corporations in the state of Washington to officially change the number of authorized shares of stock in the company. This form is typically filled out and adopted by the board of directors and ratified by the shareholders of the corporation. The purpose of this form is to indicate the desire of the corporation to increase or decrease the number of authorized shares available for issuance. By modifying the number of authorized shares, the company can either increase its equity capital by offering more shares for sale or reduce its equity capital by decreasing the number of shares. The form starts with a heading that includes the name of the corporation and the title "Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions." It may also include a section for the corporation's identification number or other relevant details. Following the heading, the form contains sections where the specific information related to the change is stated. This includes the current number of authorized shares, the proposed number of authorized shares, and the reason for the change. It is important to provide a detailed explanation for the change to ensure compliance with legal requirements and to keep a clear record for the corporation. Additionally, the form may have sections for additional resolutions or actions related to the change in authorized shares. For example, it may include a provision to amend the corporation's articles of incorporation to reflect the new number of authorized shares. Other relevant resolutions or actions may also be included, such as ratification by the shareholders or designating officers or directors to carry out the necessary filings. In Washington State, there may not be specific different types of the Washington Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions. However, variations or modifications may exist depending on the specific needs of the corporation or the guidance provided by legal professionals. In conclusion, the Washington Change Amount of Authorized Shares — Resolution For— - Corporate Resolutions is an essential legal document for corporations in Washington State looking to change the number of authorized shares. It allows the company to officially propose and implement such changes in compliance with state laws and regulations.
