| name | stock-ledger-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. |
| tags | ["corporate","drafting"] |
Stock Ledger and Certificates
Drafts the official equity ownership package: master stock ledger, individual certificate templates, transfer procedure block, and officer certification.
Prerequisites
- Articles of Incorporation — legal name, state, authorized shares, par value, share classes
- Bylaws or Organizational Minutes — authorized officers, transfer restrictions
- Shareholders' Agreement (if any) — ROFR provisions, transfer restrictions
- 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:
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
