Mecklenburg North Carolina Amendments to certificate of incorporation

• Category: Corporations - Public - Limited Partnerships
• State: Multi-State
• County: Mecklenburg
• Control #: US-CC-10-173
• Format: Word; Rich Text

Description

10-173 10-173 . . . Amendment of Articles of Incorporation to provide that corporation be governed by Section 203 of Delaware General Corporation Law, (b) increase number of stockholders required to call special stockholder's meeting from 15% of outstanding shares to a majority, (c) require that stockholders may take action only at a meeting of stockholders, (d) provide that Board of Directors shall have power to fill interim vacancies on Board, (e) provide that stock issuances resulting in a person holding more than 5% of voting power of corporation may be made without stockholder approval, but only if (i) issuance or sale is to a person not affiliated with corporation and (ii) issuance or sale is approved by majority of Non-employee Directors, (f) give Board authority to enter into severance arrangements that are contingent upon a change of control, merger or acquisition of corporation only if (i) such arrangement is approved by majority of Non-employee Directors and (ii) payments to any individual pursuant to such arrangement are limited to maximum amount which does not result in "excess parachute payments" under Section 280G of Internal Revenue Code of 1986, and (g) change stockholder approval requirement for certain amendments of Articles of Incorporation from 75% of outstanding shares to majority of outstanding shares Mecklenburg County, located in the state of North Carolina, offers various amendments to the certificate of incorporation for businesses operating within its jurisdiction. These amendments allow companies to modify their original certificate of incorporation to better suit their changing needs or requirements. The types of Mecklenburg North Carolina Amendments to certificate of incorporation can be broadly classified into the following: 1. Name Amendment: Businesses may request a name change for their corporation through this amendment. This amendment is common when companies rebrand, merge with other entities, or have a need for a more suitable name to reflect their business activities accurately. 2. Officer/Board Change Amendment: In certain situations, a company may need to modify the individuals or positions within its officer and board structure. This amendment allows businesses to reflect changes in leadership, appointments, or removals of directors or officers in their certificate of incorporation. 3. Address Amendment: Companies may need to update their registered office or principal place of business address due to relocation or expansion. This amendment is necessary to reflect the accurate physical location of the corporation. 4. Purpose Amendment: If a company's original purpose stated in the certificate of incorporation needs to be revised or expanded, this amendment allows businesses to modify their purpose clause. The changed purpose should accurately reflect the nature of the company's current or future activities. 5. Capital Amendment: Companies sometimes require modifications to their authorized capital structure, such as an increase or decrease in the number of shares or changes to the par value. This amendment allows businesses to reflect accurate and updated capital details in their certificate of incorporation. 6. Articles Amendment: Companies may need to update specific articles within their certificate of incorporation to accommodate changing legal requirements, revise internal policies, or adapt to industry regulations. These amendments can cover a range of procedural, operational, or organizational aspects to ensure compliance and reflect the corporation's current practices. To initiate any amendment to the certificate of incorporation, businesses in Mecklenburg County usually have to follow legal procedures, which may involve submitting the necessary forms, paying any applicable fees, and obtaining approvals from relevant authorities or shareholders. It is important for businesses to consult with legal professionals or experts in corporate law to ensure compliance with the specific requirements relating to Mecklenburg North Carolina Amendments to certificate of incorporation. These amendments empower companies to adapt, grow, and align their corporate structure with their evolving business strategies and objectives.

Mecklenburg County, located in the state of North Carolina, offers various amendments to the certificate of incorporation for businesses operating within its jurisdiction. These amendments allow companies to modify their original certificate of incorporation to better suit their changing needs or requirements. The types of Mecklenburg North Carolina Amendments to certificate of incorporation can be broadly classified into the following: 1. Name Amendment: Businesses may request a name change for their corporation through this amendment. This amendment is common when companies rebrand, merge with other entities, or have a need for a more suitable name to reflect their business activities accurately. 2. Officer/Board Change Amendment: In certain situations, a company may need to modify the individuals or positions within its officer and board structure. This amendment allows businesses to reflect changes in leadership, appointments, or removals of directors or officers in their certificate of incorporation. 3. Address Amendment: Companies may need to update their registered office or principal place of business address due to relocation or expansion. This amendment is necessary to reflect the accurate physical location of the corporation. 4. Purpose Amendment: If a company's original purpose stated in the certificate of incorporation needs to be revised or expanded, this amendment allows businesses to modify their purpose clause. The changed purpose should accurately reflect the nature of the company's current or future activities. 5. Capital Amendment: Companies sometimes require modifications to their authorized capital structure, such as an increase or decrease in the number of shares or changes to the par value. This amendment allows businesses to reflect accurate and updated capital details in their certificate of incorporation. 6. Articles Amendment: Companies may need to update specific articles within their certificate of incorporation to accommodate changing legal requirements, revise internal policies, or adapt to industry regulations. These amendments can cover a range of procedural, operational, or organizational aspects to ensure compliance and reflect the corporation's current practices. To initiate any amendment to the certificate of incorporation, businesses in Mecklenburg County usually have to follow legal procedures, which may involve submitting the necessary forms, paying any applicable fees, and obtaining approvals from relevant authorities or shareholders. It is important for businesses to consult with legal professionals or experts in corporate law to ensure compliance with the specific requirements relating to Mecklenburg North Carolina Amendments to certificate of incorporation. These amendments empower companies to adapt, grow, and align their corporate structure with their evolving business strategies and objectives.