What is the legal effect of the resolution of the board of directors declaring the share of stock delinquent?

Effects of Stocks declared delinquent: Cannot be voted for or be entitled to vote in corporate meetings or be represented by proxy at any stockholders' meeting. 2. The holder of delinquent stock is not entitled to exercise the rights of a stockholder (i.e. to inspect books and records, etc.).

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Proposed Amendment to articles of incorporation regarding preemptive...

Bexar Texas Proposed Amendment to articles of incorporation regarding preemptive rights

Name: Bexar Texas Proposed Amendment to articles of incorporation regarding preemptive rights
Brand: US Legal Forms
Rating: 4.65 (334 reviews)

Category:

Corporations - Public - Changes Affecting Capital Stock

State:

Multi-State

County:

Bexar

Control #:

US-CC-3-404

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Instant download

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This sample form, a detailed Proposed Amendment to Articles of Incorporation re: Preemptive Rights document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

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Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information, such as the firm's name, street address, agent for service of process, and the amount and type of stock to be issued.

As can be gleaned from the foregoing, there are three (3) basic requirements for amending the Articles of Incorporation, namely: Majority vote of the board of directors. Written assent of the stockholders representing at least 2/3 of the outstanding capital stock. Approval by the Securities and Exchange Commission.

The Notice of Change (Form 1) is available to be filled in manually and filed with the Province of Ontario. The Notice of Change (Form 1) can be mailed to the Provincial office at 2nd Floor, 393 University Avenue, Toronto, ON M5G 1T6.

Corporate names included in articles of incorporation cannot include words or phrases that imply a purpose other than that identified in the document....In most states, the official name must also include one of the following words: Corporation. Incorporated. Company.

Amendment of Articles of Incorporation. The amendments shall take effect upon their approval by the Securities and Exchange Commission or from the date of filing with the said Commission if not acted upon within six (6) months from the date of filing for a cause not attributable to the corporation.

Any corporation may for legitimate corporate purpose or purposes amend its articles of incorporation by a majority vote of its board of directors or trustees and the vote or written assent of two-thirds of its members if it be a non-stock corporation, or if it be a stock corporation, by the vote or written assent of

Effects of Stocks declared delinquent: Cannot be voted for or be entitled to vote in corporate meetings or be represented by proxy at any stockholders' meeting. 2. The holder of delinquent stock is not entitled to exercise the rights of a stockholder (i.e. to inspect books and records, etc.).

What must be included in articles of incorporation? the corporation's name and business address. the number of authorized shares and the par value (if any) of the shares. the name and address of the in-state registered agent. the names and addresses of its incorporators.

Some of the required provisions in the Articles of Incorporation include name and address of the corporation, statements indicating the purpose for which the company is incorporated, duration of incorporation, etc. The incorporator must meet all the required provisions for the corporation to be approved.

- A private corporation may extend or shorten its term as stated in the articles of incorporation when approved by a majority vote of the board of directors or trustees and ratified at a meeting by the stockholders representing at least two-thirds (2/3) of the outstanding capital stock or by at least two-thirds (2/3)

Bexar Texas Proposed Amendment to articles of incorporation regarding preemptive rights

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