Sample Articles of Incorporation Template
4
CHAPTER II Shares
ARTICLE VI (Total Number of Shares)
The total number of shares authorized to be issued by the Company shall be
two thousand five hundred million (2,500,000,000) shares.
ARTICLE VII (Acquisition of Treasury Shares)
The Company may purchase (referring to “purchasing” provided for in the
Companies Act, Article 165, Paragraph 2) treasury shares through market
transactions, etc. based on a resolution of its Board of Directors.
ARTICLE VIII (Number of shares constituting One Unit and the
additional purchase of certificates indicating fractions of
One Unit)
The number of shares which will constitute one unit of the shares of the
Company (“Unit Stock”) shall be one hundred (100) shares.
A shareholder may ask the Company to sell its shares constituting One Unit in
exchange for fractions of One Unit of Stock which, when added, constitute One
Unit.
ARTICLE IX (
Rights of Shareholders Holding Fractions of One Unit
of Stock
)
A shareholder of the Company cannot exercise any rights other than those
shown hereunder for his or her fractions of shares of less than One Unit of
Stock:
1. Rights shown in the Companies Act, Article 189, Paragraph 2, items
thereof.
2. Rights to request acquisition of shares combined with acquisition claims.
3. Rights to receive allotment of owner-invited shares or owner-invited Stock
Acquisition Rights.
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