What is the purpose of the specimen certificate/notice?
Last updated: October 2, 2015
When I complete the post-incorporation setup, there is an extra share certificate or notice for 0 shares that says "SPECIMEN". What is the purpose of the specimen certificate/notice?
The Board of Directors of the Company approves the form of certificate/notice to be used going forward to evidence ownership of shares in the Company. The specimen certificate is an illustration of the form and is to be attached to the Board Consent in Lieu of Organizational Meeting.
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