--- name: stock-ledger-certificates title: Stock Ledger and Certificates description: Drafts stock ledger and certificate packages for U.S. corporations, including master equity ledger, certificate templates, transfer procedures, and officer certification. Extracts capitalization data from formation documents. Use when forming a corporation, issuing initial shares, or establishing equity ownership records. author: CaseMark author_url: https://github.com/CaseMark/skills/tree/main/skills/legal/stock-ledger-certificates license: Apache-2.0 version: 0.1.0 execution_mode: open jurisdiction: us practice: corporate language: en tags: [drafting] --- # Stock Ledger and Certificates Drafts the official equity ownership package: master stock ledger, individual certificate templates, transfer procedure block, and officer certification. ## Prerequisites 1. **Articles of Incorporation** — legal name, state, authorized shares, par value, share classes 2. **Bylaws or Organizational Minutes** — authorized officers, transfer restrictions 3. **Shareholders' Agreement** (if any) — ROFR provisions, transfer restrictions 4. **Existing stock records** (if any) — prior issuances, certificate numbers ## Quick Start Extract from uploaded formation documents: (1) authorized capital by class, (2) par value per class, (3) initial issuances and consideration, (4) officer names for signature blocks. Draft all six sections below in sequence. ## Output Structure ### 1. Document Header | Field | Content | |---|---| | Corporation Name | Full legal name | | State of Incorporation | From articles | | Date of Incorporation | From articles | | Document Title | Stock Ledger and Stock Certificates | | Prepared As Of | Current date | ### 2. Authorized Capital Structure | Class | Shares Authorized | Par Value | Authorizing Document | |---|---|---|---| | Common | [#] | $[X] / No par | Articles of Incorporation, §[X] | | Preferred | [#] | $[X] / No par | Articles of Incorporation, §[X] | ### 3. Stock Ledger Table | Cert. No. | Date Issued | Shareholder | Shares | Class | Consideration | Transfer / Notes | |---|---|---|---|---|---|---| | 001 | [Date] | [Full legal name] | [#] | Common | $[X] cash / [desc] | — | - Number certificates sequentially from **001** - Flag gaps or inconsistencies in uploaded records - Cancelled certificates: "CANCELLED — [date], replaced by Cert. No. [X]" ### 4. Stock Certificate Template Each certificate must include: - [ ] Certificate number matching ledger - [ ] Corporation legal name and state of incorporation - [ ] Shareholder legal name and address - [ ] Share count in **numerals and words** ("100 — One Hundred shares") - [ ] Class of stock and date of issuance - [ ] Statement: *"Subject to the Corporation's Bylaws and any applicable Shareholder Agreement"* - [ ] Corporate seal space or "Corporate Seal" notation - [ ] Signature lines: **President/CEO** + **Secretary** with printed name and title ### 5. Transfer Procedure Block > **To transfer shares:** (1) Surrendering shareholder endorses original certificate or executes a stock power/assignment, (2) delivers endorsed certificate and documentation to corporation, (3) corporation cancels old certificate, issues new, and updates ledger. Transfer restrictions in any shareholders' agreement or bylaws must be satisfied before recording. ### 6. Officer Certification > *"The undersigned officers of [Corporation Name] hereby certify that the foregoing Stock Ledger accurately reflects all issuances and transfers of the corporation's capital stock as of [date]."* Signature lines: President/CEO and Secretary, with printed name, title, and date. ## Checks and Pitfalls - **State variance**: Certificate and ledger requirements vary by state — confirm state of incorporation and compliance with applicable Business Corporation Act - **Securities legend**: Add restricted securities legend if applicable (e.g., §4(a)(2) exemption): *"These securities have not been registered under the Securities Act of 1933..."* — mark `[VERIFY]` for counsel review - **S-corp**: Flag S-corp status; only eligible shareholders may hold shares, with restrictions on number and type - **Multiple classes**: Distinguish classes in both ledger and certificates; reflect rights and preferences from articles - **Inspection rights**: Shareholders have statutory inspection rights in most states — exclude confidential side letters from main ledger - **Records location**: Ledger must be maintained at principal office or registered agent per state business corporation act