Board Resolution Required for Printing Share Certificate Forms; Must Be Numbered and Accounted by Designated Custodian.
All blank forms for issuing share certificates must be printed under the authority of a Board resolution. These forms should be consecutively machine-numbered, and all related printing materials must be kept in the custody of the secretary or a designated person appointed by the Board. This individual is responsible for accounting for these forms to the Board. The requirement for specific paper size was removed by an amendment in 1994, which nullified a prior amendment from 1993 that never took effect.
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