Harris Texas Amendment to Articles of Incorporation to change the terms of the authorized preferred stock

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• County: Harris
• Control #: US-CC-3-178E
• Format: Word; Rich Text

Description

This sample form, a detailed Amendment to Articles of Incorporation to Change the Terms of the Authorized Preferred Stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Harris Texas Amendment to Articles of Incorporation allows for a modification of the terms of the authorized preferred stock within a corporation. This amendment provides flexibility for companies to adjust the rights, preferences, privileges, and limitations of their preferred stock. There are several types of amendments related to the authorized preferred stock under the Harris Texas Amendment to Articles of Incorporation. These include: 1. Amendment to Dividend Provisions: This type of amendment allows the corporation to change the rate or method of distributing dividends to preferred stockholders. It may involve adjusting the dividend payment schedule, the dividend rate, or the calculation method. 2. Amendment to Conversion Rights: This amendment modifies the terms of converting preferred shares into common shares. It can specify the conversion ratio or adjust the conditions and procedures for conversion, such as conversion price or mandatory conversion provisions. 3. Amendment to Voting Rights: With this type of amendment, the corporation can alter the voting rights of preferred stockholders. It may increase or decrease the voting power associated with preferred shares or limit their voting rights altogether. 4. Amendment to Liquidation Preferences: This amendment modifies the order and amount of payments that preferred stockholders are entitled to receive in the event of liquidation, dissolution, or winding-up of the corporation. It can adjust the priority of preferred stockholders to common stockholders and set the liquidation preferences for different series of preferred stock. 5. Amendment to Redemption Rights: This type of amendment changes the terms and conditions under which preferred stock can be redeemed by the corporation. It can adjust the redemption price, the redemption period, or introduce optional or mandatory redemption provisions. 6. Amendment to Anti-Dilution Provisions: This amendment allows for adjustments to anti-dilution protections granted to preferred stockholders to maintain their ownership percentage in the event of future issuance of common stock or other securities by the corporation. These are some various types of Harris Texas Amendments to Articles of Incorporation that pertain to altering the terms of authorized preferred stock. It is essential for corporations to comply with the relevant legal requirements and obtain necessary approvals from stockholders or the board of directors before implementing any amendments.

The Harris Texas Amendment to Articles of Incorporation allows for a modification of the terms of the authorized preferred stock within a corporation. This amendment provides flexibility for companies to adjust the rights, preferences, privileges, and limitations of their preferred stock. There are several types of amendments related to the authorized preferred stock under the Harris Texas Amendment to Articles of Incorporation. These include: 1. Amendment to Dividend Provisions: This type of amendment allows the corporation to change the rate or method of distributing dividends to preferred stockholders. It may involve adjusting the dividend payment schedule, the dividend rate, or the calculation method. 2. Amendment to Conversion Rights: This amendment modifies the terms of converting preferred shares into common shares. It can specify the conversion ratio or adjust the conditions and procedures for conversion, such as conversion price or mandatory conversion provisions. 3. Amendment to Voting Rights: With this type of amendment, the corporation can alter the voting rights of preferred stockholders. It may increase or decrease the voting power associated with preferred shares or limit their voting rights altogether. 4. Amendment to Liquidation Preferences: This amendment modifies the order and amount of payments that preferred stockholders are entitled to receive in the event of liquidation, dissolution, or winding-up of the corporation. It can adjust the priority of preferred stockholders to common stockholders and set the liquidation preferences for different series of preferred stock. 5. Amendment to Redemption Rights: This type of amendment changes the terms and conditions under which preferred stock can be redeemed by the corporation. It can adjust the redemption price, the redemption period, or introduce optional or mandatory redemption provisions. 6. Amendment to Anti-Dilution Provisions: This amendment allows for adjustments to anti-dilution protections granted to preferred stockholders to maintain their ownership percentage in the event of future issuance of common stock or other securities by the corporation. These are some various types of Harris Texas Amendments to Articles of Incorporation that pertain to altering the terms of authorized preferred stock. It is essential for corporations to comply with the relevant legal requirements and obtain necessary approvals from stockholders or the board of directors before implementing any amendments.