A Special Resolution of the Shareholders means a resolution passed by a supermajority of the votes cast. Depending on the jurisdiction this may mean a majority vote of 2/3 or more.
- Make changes to the articles of the company.
- Change the company name.
- Change the type of company business.
- Create a new class of shares.
- Change the maximum number of shares the company may issue.
- Add, change or delete any rights, privileges restrictions or conditions on any share class.
- Add, change or remove restrictions on the transfer of shares.
- Change the minimum or maximum number of directors.
- Sell, lease or exchange all or substantially all the assets of the company other than in the ordinary course of business.
- Dissolve or liquidate of the company.
This is only a sample of some of the actions that may require a Special Resolution. Click on the link below to review the Special Resolution requirements:
Alaska