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    nancy4436's Avatar
    nancy4436 Posts: 3, Reputation: 1
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    #1

    Jun 23, 2010, 09:16 PM
    Is the issuing of corporate shares among 4 partners followed by printing and distribution of the shares?
    Just a quick question.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Jun 23, 2010, 11:17 PM

    It's done in various degrees of complexity. It may be preceded by written offers from each would-be purchaser, setting forth the proosed terms.

    The board of directors then votes to issue shares. The resolution which the board adopts may provide that they will issue so many shares to each person, and the consideration for each block of shares. Then, when the specified consideration is received, the physical share certificates are delivered to the respective shareholders.
    PellMell's Avatar
    PellMell Posts: 33, Reputation: 3
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    #3

    Jun 27, 2010, 09:09 PM

    Further to AK lawyer's response, some states do not require the delivery of physical share certificates. The shares can be issued on the books.
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