Splitting Share Certificates Sample Clauses
The Splitting Share Certificates clause allows shareholders to divide their existing share certificates into multiple certificates representing smaller portions of their total shareholding. In practice, this means a shareholder holding a certificate for 1,000 shares could request two certificates of 500 shares each, or any other combination that matches their total holding. This clause facilitates easier transfer, sale, or management of shares by enabling shareholders to hold certificates in denominations that suit their needs, thereby increasing flexibility and administrative convenience.
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Splitting Share Certificates. If a shareholder surrenders a share certificate to the Company with a written request that the Company issue in the shareholder’s name two or more share certificates, each representing a specified number of shares and in the aggregate representing the same number of shares as the share certificate so surrendered, the Company must cancel the surrendered share certificate and issue replacement share certificates in accordance with that request.
Splitting Share Certificates. If a shareholder surrenders a share certificate to the Company with a written request that the Company issue in the shareholder's name two or more share certificates, each representing a specified number of shares and in the aggregate representing the same number of shares as the share certificate so surrendered, the Company must cancel the surrendered share certificate and issue replacement share certificates in accordance with that request.