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Special Resolution - Allotment and Issuance of Preference Shares - Generic

Special Resolution - Allotment and Issuance of Preference Shares - Generic

This Special Resolution - Allotment and Issuance of Preference Shares - Generic template has 1 page and is an MS Word file.

 

One of the most basic rules applicable to the shares of a corporation is that the corporation is authorized to issue only those classes of shares that are defined in its articles of incorporation. We prepared this template wording for three classes of shares – one common and two preferences of various priorities, to help incorporators include these provisions in the articles. Simply copy and paste the provisions into the definition of the classes of shares during the incorporation process. 

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