MULTPLE CLASS AND SPECIAL TEXT
Fair notice considerations embodied
in most state corporate statutes set minimum criteria for the printing
of multiple class share certificates. In addition to the essential information
necessary on single class certificates, the shares of each class of a
multiple class corporation must have printed on them:
- The title of every class of shares authorized to be issued
by the corporation.
- Either (A) or (B)
- A clause stating that a full statement of
the rights, preferences, designations and limitations
of every class of shares will be furnished to any shareholders'
requesting it.
- A full statement of the rights,
preferences, designations and limitations
of every class of shares authorized to
be issued by the corporation. This may
be printed on the front or back of the
certificate; if printed on the back, reference
to it must be made on the front.
- A statement designating which class the particular certificate
belongs to. (It is common practice to use a different colored
border for each class.)
If you fail to include the information on the certificates as set forth
above you face possible claims by dissatisfied shareholders' of
one class that they were never given notice that shareholders' of other
classes enjoyed preferences in dividends, liquidations, etc. You can check
your state corporate statutes and case law on this issue. In any event
you can minimize your exposure by having the certificates printed
properly.
If you are amending the certificate of incorporation to change
only one class, or ordering an additional class, holders of
outstanding classes that are not changing should be notified.
An effective way to do this is issue new certificates to all
outstanding shareholders' of all classes.
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Prices for multiple class certificates pursuant to 2(A),
above
- 20 printed numbered certificates, stubs, covers and
SPECIMEN, bound in a looseleaf section, $46.00. See order
blank for loose certificates.
- Additional certificates (including stubs), $0.30 each.
- Certificate book capacity, 50 certificates, each additional
book of 50 certificates, $8.40
- Multiple class clause (standard clause), $9.95
- Each additional class recited (numbering each class,
2nd certificate border color, shares divided evenly unless
specified otherwise), $32.00
- 50 word custom clause imprinted, $32.30
- 100 word custom clause imprinted, $38.60
- Printing on reverse side, $19.30
Example: 30 certificates (Delaware corporation),
20 Class A Voting numbered A1 - A 20 and 10 Class B
Non-Voting numbered B1 - B10.
| 20 certificates |
$46.00 |
| 10 extra certificates |
3.00 |
| Delaware multiple class clause 7DE1 |
9.95 |
| Additional class of shares |
32.30 |
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$91.25 |
Please anticipate long term needs when you choose the
quantity of certificates since the cost of additional
certificates is low compared to the cost to reorder.
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Prices for special text certificates and multiple class certificates pursuant
to 2(B), above
National bank, cooperative, municipal bond, corporate bond, foreign corporation,
membership and association certificates are just a few of the varieties we produce.
Prices are for 8 1/2" x 11" certificates with full-page stubs. We also offer
a variety of certificate borders in 8 1/2" x 15" with perforated stubs, and 8
1/2" x 15" bond certificates, please contact us for quotations. A large selection
of our own and Goes borders in stock enable us to give you rapid service. To
order, furnish sample, typewritten copy, or a copy of certificate of incorporation,
amendment, etc.
- 40 printed, numbered certificates, stubs, covers and SPECIMEN, bound
in a looseleaf section, $181.90, or if ordered with a corporate outfit,
add to outfit price, $164.30
- 200 words of special text, each additional 100 words or part, $38.60
- Each additional certificate, $0.30 each
- Certificate book capacity, 50 certificates, each additional book
of 50 certificates, $8.40
- Each additional class recited (numbering each class, 2nd certificate
border color, shares divided evenly unless specified otherwise), $32.00
- Printing on reverse side, $19.30
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