Mecklenburg County, North Carolina, is one of the 100 counties in the state. Located in the southwestern part of the state, Mecklenburg County is home to the city of Charlotte, the largest city in North Carolina and the second-largest banking center in the United States. Authorization to purchase corporation's outstanding common stock refers to the legal permission given to a corporation to buy back shares of its own common stock from existing shareholders. This process is commonly known as a stock buyback or share repurchase. The authorization allows the corporation to buy back outstanding shares in the open market or through privately negotiated transactions. In Mecklenburg County, North Carolina, there are several types of authorizations to purchase a corporation's outstanding common stock: 1. General Authorization: This type of authorization gives the corporation the freedom to repurchase its common stock up to a certain limit without seeking additional approval from shareholders for each transaction. It provides flexibility to the corporation's management to implement buybacks as and when they deem appropriate. 2. Specific Authorization: Sometimes, a corporation may seek specific authorization from its shareholders for a particular stock repurchase program exceeding the limits of the general authorization. Shareholders vote on the proposed authorization during a general meeting or through proxy voting. 3. Equity Incentive Plans: Corporations may also have an equity incentive plan, which includes provisions for the purchase of outstanding common stock. These plans are designed to reward employees, executives, or other stakeholders with stock options or restricted stock units. The authorization for stock repurchase under such plans is usually outlined in the plan's documentation. 4. Open Market Purchases: Mecklenburg County corporations may choose to repurchase their outstanding common stock from the open market. This involves buying shares on a stock exchange from individual shareholders or market makers at prevailing market prices. 5. Privately Negotiated Transactions: Corporations can also carry out stock repurchases through privately negotiated transactions, usually with large institutional shareholders or other major stakeholders. These transactions are not conducted on an exchange and may involve negotiated prices and terms. It's essential for corporations in Mecklenburg County, North Carolina, to obtain the necessary legal authorization when engaging in stock repurchase programs to ensure compliance with regulations and protect the interests of shareholders. The specific type of authorization required may vary based on the corporation's bylaws, their plans for repurchasing common stock, and the extent of the repurchase program.
Mecklenburg North Carolina Authorization to purchase corporation's outstanding common stock
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In North Carolina, you register your DBA with the Register of Deeds office in your business' home county. You must complete the Assumed Business Name Certificate form and return it to your local office.
North Carolina allows you to list up to five DBA names that you want to register. The name of the person or entity doing business under the DBA name. This is your name or the name of your LLC, partnership, or corporation.
Under North Carolina law, any business that seeks to use a name other than the name of its owners, or other than the name under which it was formed must file for a DBA. Specifically, such businesses will need to file official paperwork in the office of the register of deeds of such county where the business is located.
Access to public records is available from a.m. to p.m., Monday through Friday, by appointment only. To access Criminal files by appointment, email Mecklenburg.Criminal@nccourts.org. To access Civil files by appointment, email Mecklenburg.Civil@nccourts.org.
N.C.G.S § 66-71.4(a) requires that any person engaging in business in this State under an assumed business name, the person must file an assumed business name certificate in the office of the register of deeds of the county in which the person is or will be engaged in business.
In North Carolina, you register your DBA with the Register of Deeds office in your business' home county. You must complete the Assumed Business Name Certificate form and return it to your local office.
Obtaining an Assumed Name or DBA If you want to establish a North Carolina DBA (assumed name), you must file a form with the Secretary of State and pay a filing fee of $26.
Spencer B. Merriweather III, who has devoted his career to public service, was sworn into office as Mecklenburg County's District Attorney in 2017.
On June 1st, 2021, Kristine Smith was sworn in as the new Clerk to the Mecklenburg Board of County Commissioners. The Board of County Commissioners (BOCC) appointed Smith in May 2021.
N.C.G.S § 66-71.4(a) requires that any person engaging in business in this State under an assumed business name, the person must file an assumed business name certificate in the office of the register of deeds of the county in which the person is or will be engaged in business.