Wyoming Proposed Article IV of the restated articles of incorporation of Bandag Inc.

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• Control #: US-CC-3-206R
• Format: Word; Rich Text

Description

This sample form, a detailed Proposed Article IV of the Restated Articles of Incorporation document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. Wyoming Proposed Article IV of the Restated Articles of Incorporation of Bandage Inc. In accordance with Wyoming state laws and regulations, Bandage Inc. has prepared the following Proposed Article IV of its restated articles of incorporation. This article outlines the provisions and guidelines regarding the company's capital stock and shares. Keywords: Wyoming, Bandage Inc., proposed, restated articles of incorporation, Article IV, capital stock, shares. Article IV: Capital Stock and Shares Section 1. Authorized Shares The total number of authorized shares of capital stock in Bandage Inc. shall be [insert number of shares] shares, which shall be divided into two classes: common stock and preferred stock. Section 2. Common Stock (a) The common stock of Bandage Inc. shall consist of [insert number of authorized common shares] shares. (b) Each share of common stock shall have equal voting rights and shall entitle the holder thereof to one vote at any shareholder meeting. © Holders of common stock shall be entitled to receive dividends and distributions, as and when declared by the board of directors, subject to applicable laws and the rights of holders of preferred stock. Section 3. Preferred Stock (a) The preferred stock of Bandage Inc. shall consist of [insert number of authorized preferred shares] shares. (b) The preferred stock may be issued from time to time in one or more series, with such preferences, limitations, and relative rights as determined by the board of directors, subject to the limitations set forth in state laws and regulations. © Holders of preferred stock shall have the right to vote only on matters directly affecting the preferred stock, as determined by the board of directors. Section 4. Issuance of Capital Stock (a) The board of directors shall have the authority to issue shares of capital stock, subject to applicable laws and regulations. (b) The board of directors may determine the terms and conditions of any series of preferred stock, including but not limited to any dividend rights, liquidation preferences, and conversion rights. © Any issuance of common or preferred stock shall be authorized by a majority vote of the board of directors. Section 5. Restrictions on Transfer of Shares (a) The transfer of shares of capital stock shall be subject to any applicable federal and state laws and regulations. (b) The board of directors may establish reasonable restrictions on the transfer of common or preferred stock, including without limitation, rights of first refusal or restrictions on transfers to competitors. Note: This Proposed Article IV will become effective upon approval by the shareholders and filing with the Secretary of State of Wyoming. Different types of Wyoming Proposed Article IV of the Restated Articles of Incorporation of Bandage Inc. may include variations in the number of authorized shares, the rights and preferences of preferred stock, and the restrictions imposed on the transfer of shares. These variations can be tailored to meet the specific needs and objectives of the company, as determined by its board of directors and in compliance with Wyoming state laws.

Wyoming Proposed Article IV of the Restated Articles of Incorporation of Bandage Inc. In accordance with Wyoming state laws and regulations, Bandage Inc. has prepared the following Proposed Article IV of its restated articles of incorporation. This article outlines the provisions and guidelines regarding the company's capital stock and shares. Keywords: Wyoming, Bandage Inc., proposed, restated articles of incorporation, Article IV, capital stock, shares. Article IV: Capital Stock and Shares Section 1. Authorized Shares The total number of authorized shares of capital stock in Bandage Inc. shall be [insert number of shares] shares, which shall be divided into two classes: common stock and preferred stock. Section 2. Common Stock (a) The common stock of Bandage Inc. shall consist of [insert number of authorized common shares] shares. (b) Each share of common stock shall have equal voting rights and shall entitle the holder thereof to one vote at any shareholder meeting. © Holders of common stock shall be entitled to receive dividends and distributions, as and when declared by the board of directors, subject to applicable laws and the rights of holders of preferred stock. Section 3. Preferred Stock (a) The preferred stock of Bandage Inc. shall consist of [insert number of authorized preferred shares] shares. (b) The preferred stock may be issued from time to time in one or more series, with such preferences, limitations, and relative rights as determined by the board of directors, subject to the limitations set forth in state laws and regulations. © Holders of preferred stock shall have the right to vote only on matters directly affecting the preferred stock, as determined by the board of directors. Section 4. Issuance of Capital Stock (a) The board of directors shall have the authority to issue shares of capital stock, subject to applicable laws and regulations. (b) The board of directors may determine the terms and conditions of any series of preferred stock, including but not limited to any dividend rights, liquidation preferences, and conversion rights. © Any issuance of common or preferred stock shall be authorized by a majority vote of the board of directors. Section 5. Restrictions on Transfer of Shares (a) The transfer of shares of capital stock shall be subject to any applicable federal and state laws and regulations. (b) The board of directors may establish reasonable restrictions on the transfer of common or preferred stock, including without limitation, rights of first refusal or restrictions on transfers to competitors. Note: This Proposed Article IV will become effective upon approval by the shareholders and filing with the Secretary of State of Wyoming. Different types of Wyoming Proposed Article IV of the Restated Articles of Incorporation of Bandage Inc. may include variations in the number of authorized shares, the rights and preferences of preferred stock, and the restrictions imposed on the transfer of shares. These variations can be tailored to meet the specific needs and objectives of the company, as determined by its board of directors and in compliance with Wyoming state laws.