Section 18 Form No. 3-Stock Split
| Library | Business Transitions 2009 Forms |
Because a split stock changes the designated par value of stock, it is necessary to amend the corporation's charter. The following are suggested resolutions for adoption by the shareholders and, when required, the board of directors to effect a 20-for-1 stock split. For certificate of amendment forms, see § 1.16 and 1.21 of Chapter 1.
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Resolved, that the Articles of Incorporation of the corporation shall be amended by deleting the present Article Three in its entirety and inserting a new Article...
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