https://ceopedia.org/index.php?title=Subscription_Agreement&feed=atom&action=historySubscription Agreement - Revision history2024-03-28T10:28:29ZRevision history for this page on the wikiMediaWiki 1.39.4https://ceopedia.org/index.php?title=Subscription_Agreement&diff=97136&oldid=prevSw: Text cleaning2023-11-18T04:22:30Z<p>Text cleaning</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 05:22, 18 November 2023</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>'''Subscription agreement''' is "the agreement to purchase a set number of shares of stock of the new corporation at a stated [[price]]"<ref> Cummins R. R., (1997), <del style="font-weight: bold; text-decoration: none;">s</del>. 84</ref>. The explained contract is a deal, which will be performed after the corporation, currently being in the formation, has come to life. At that point in time, the shares of stock are issued to participants of the contract. These shares are going to be paid by those, who build construction of the corporate<ref> Cummins R. R., (1997), <del style="font-weight: bold; text-decoration: none;">s</del>. 84</ref>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>'''Subscription agreement''' is "the agreement to purchase a set number of shares of stock of the new corporation at a stated [[price]]"<ref> Cummins R. R., (1997), <ins style="font-weight: bold; text-decoration: none;">p</ins>. 84</ref>. The explained contract is a deal, which will be performed after the corporation, currently being in the formation, has come to life. At that point in time, the shares of stock are issued to participants of the contract. These shares are going to be paid by those, who build construction of the corporate<ref> Cummins R. R., (1997), <ins style="font-weight: bold; text-decoration: none;">p</ins>. 84</ref>.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Legal regulations regarding the subscription agreement==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Legal regulations regarding the subscription agreement==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The corporate laws of lots of states include a provision that the contract to purchase stock according to subscription agreement is irreversible for a fixed time period, such as six months<ref> Cummins R. R., (1997), <del style="font-weight: bold; text-decoration: none;">s</del>. 84</ref>. The subscription agreement is seen as an agreement within two parties, a [[company]] and future shareholder. When a subscriber failure to pay or to follow through with buying in accordance with the agreement, the company might take legal proceedings against endorser. According to the Section 6.20 of Model Business Corporation Act, in case when the subscriber failure to pay in accordance with a subscription agreement concluded earlier than incorporation, the company can assemble the amount owed like any other debt. In the further alternative, the company might revoke the contract and sale the shares to somebody else when the subscriber failure to pay<ref> A. Schneeman, (2010), <del style="font-weight: bold; text-decoration: none;">s</del>. 290</ref>,<ref>American Bar Association. Committee on Corporate Laws, (2008), <del style="font-weight: bold; text-decoration: none;">s</del>. 6-15</ref>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The corporate laws of lots of states include a provision that the contract to purchase stock according to subscription agreement is irreversible for a fixed time period, such as six months<ref> Cummins R. R., (1997), <ins style="font-weight: bold; text-decoration: none;">p</ins>. 84</ref>. The subscription agreement is seen as an agreement within two parties, a [[company]] and future shareholder. When a subscriber failure to pay or to follow through with buying in accordance with the agreement, the company might take legal proceedings against endorser. According to the Section 6.20 of Model Business Corporation Act, in case when the subscriber failure to pay in accordance with a subscription agreement concluded earlier than incorporation, the company can assemble the amount owed like any other debt. In the further alternative, the company might revoke the contract and sale the shares to somebody else when the subscriber failure to pay<ref> A. Schneeman, (2010), <ins style="font-weight: bold; text-decoration: none;">p</ins>. 290</ref>,<ref>American Bar Association. Committee on Corporate Laws, (2008), <ins style="font-weight: bold; text-decoration: none;">p</ins>. 6-15</ref>.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Basic information required for the subscription agreement==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Basic information required for the subscription agreement==</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Subscription agreements can be used at any moment within the time of life of the corporation to include new shareholder to company and to report purchase of further shares by current shareholders.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Subscription agreements can be used at any moment within the time of life of the corporation to include new shareholder to company and to report purchase of further shares by current shareholders.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>'''According to A. Schneeman, a checklist of issues that [[need]] to be taken into account during creating a subscription agreement before incorporation includes following points''' <ref> A. Schneeman, (2010), <del style="font-weight: bold; text-decoration: none;">s</del>. 291</ref>:</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>'''According to A. Schneeman, a checklist of issues that [[need]] to be taken into account during creating a subscription agreement before incorporation includes following points''' <ref> A. Schneeman, (2010), <ins style="font-weight: bold; text-decoration: none;">p</ins>. 291</ref>:</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Name and address of each subscriber.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Name and address of each subscriber.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Name of corporation to be formed.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Name of corporation to be formed.</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* American Bar Association. Committee on Corporate Laws, (2008), ''[https://books.google.pl/books?id=rfSuHc2aSc0C&pg=SA6-PA27&dq=model+of+business+corporation+act&hl=pl&sa=X&ved=0ahUKEwjsjaSt07zlAhWwmIsKHb6eCSwQ6AEIMTAB#v=onepage&q&f=false Model Business Corporation Act: Official Text with Official Comment and Statutory Cross- References Revised through December 2007]'', American Bar Association, Business Law Section, Chicago, Illinois</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* American Bar Association. Committee on Corporate Laws, (2008), ''[https://books.google.pl/books?id=rfSuHc2aSc0C&pg=SA6-PA27&dq=model+of+business+corporation+act&hl=pl&sa=X&ved=0ahUKEwjsjaSt07zlAhWwmIsKHb6eCSwQ6AEIMTAB#v=onepage&q&f=false Model Business Corporation Act: Official Text with Official Comment and Statutory Cross - References Revised through December 2007]'', American Bar Association, Business Law Section, Chicago, Illinois</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Bouchoux D. B., (2009), ''[https://books.google.pl/books?id=2qtfcCDrzzoC&printsec=frontcover&dq=business+organizations+for+paralegals&hl=pl&sa=X&ved=0ahUKEwiP0cTunL3lAhWIxcQBHRdLC80Q6AEIKTAA#v=onepage&q=business%20organizations%20for%20paralegals&f=false Business Organizations for Paralegals, Fifth Edition]'', Aspen Publishers, USA</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Bouchoux D. B., (2009), ''[https://books.google.pl/books?id=2qtfcCDrzzoC&printsec=frontcover&dq=business+organizations+for+paralegals&hl=pl&sa=X&ved=0ahUKEwiP0cTunL3lAhWIxcQBHRdLC80Q6AEIKTAA#v=onepage&q=business%20organizations%20for%20paralegals&f=false Business Organizations for Paralegals, Fifth Edition]'', Aspen Publishers, USA</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Cummins R. R., (1997), ''Basics of Legal Document Preparation'', Delmar Publishers, New York</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Cummins R. R., (1997), ''Basics of Legal Document Preparation'', Delmar Publishers, New York</div></td></tr>
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</table>Swhttps://ceopedia.org/index.php?title=Subscription_Agreement&diff=96035&oldid=prevSw: Infobox5 upgrade2023-11-18T02:26:03Z<p>Infobox5 upgrade</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 03:26, 18 November 2023</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Share certificate]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''Subscription agreement''' is "the agreement to purchase a set number of shares of stock of the new corporation at a stated [[price]]"<ref> Cummins R. R., (1997), s. 84</ref>. The explained contract is a deal, which will be performed after the corporation, currently being in the formation, has come to life. At that point in time, the shares of stock are issued to participants of the contract. These shares are going to be paid by those, who build construction of the corporate<ref> Cummins R. R., (1997), s. 84</ref>.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''Subscription agreement''' is "the agreement to purchase a set number of shares of stock of the new corporation at a stated [[price]]"<ref> Cummins R. R., (1997), s. 84</ref>. The explained contract is a deal, which will be performed after the corporation, currently being in the formation, has come to life. At that point in time, the shares of stock are issued to participants of the contract. These shares are going to be paid by those, who build construction of the corporate<ref> Cummins R. R., (1997), s. 84</ref>.</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><references/></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><references/></div></td></tr>
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<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">{{infobox5|list1={{i5link|a=[[Share certificate]]}} &mdash; {{i5link|a=[[Shareholder register]]}} &mdash; {{i5link|a=[[Reliance letter]]}} &mdash; {{i5link|a=[[Grant date]]}} &mdash; {{i5link|a=[[Incontestability clause]]}} &mdash; {{i5link|a=[[Dissenters Rights]]}} &mdash; {{i5link|a=[[Allotment letter]]}} &mdash; {{i5link|a=[[Mandatory disclosure]]}} &mdash; {{i5link|a=[[Adverse Action]]}} }}</ins></div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td></tr>
</table>Swhttps://ceopedia.org/index.php?title=Subscription_Agreement&diff=85212&oldid=prevSw: Infobox update2023-03-19T23:31:15Z<p>Infobox update</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 00:31, 20 March 2023</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|list1=</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|list1=</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><ul></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><ul></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"><li>[[Share certificate]]</li></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"><li>[[Shareholder register]]</li></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"><li>[[Reliance letter]]</li></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"><li>[[Grant date]]</li></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"><li>[[Incontestability clause]]</li></ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><li>[[Dissenters Rights]]</li></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><li>[[Dissenters Rights]]</li></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><li>[[Allotment letter]]</li></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><li>[[Allotment letter]]</li></div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><li>[[<del style="font-weight: bold; text-decoration: none;">Stock ledger</del>]]</li></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><li>[[<ins style="font-weight: bold; text-decoration: none;">Mandatory disclosure</ins>]]</li></div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><li>[[<del style="font-weight: bold; text-decoration: none;">Bridge Bank]]</li></del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><li>[[<ins style="font-weight: bold; text-decoration: none;">Adverse Action</ins>]]</li></div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Sub broker]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Certificate of ownership]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Periodic tenancy]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Share certificate]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Fixed and floating charge</del>]]</li></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div></ul></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div></ul></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>}}</div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''Subscription agreement''' is "the agreement to purchase a set number of shares of stock of the new corporation at a stated [[price]]"<ref> Cummins R. R., (1997), s. 84</ref>. The explained contract is a deal, which will be performed after the corporation, currently being in the formation, has come to life. At that point in time, the shares of stock are issued to participants of the contract. These shares are going to be paid by those, who build construction of the corporate<ref> Cummins R. R., (1997), s. 84</ref>.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''Subscription agreement''' is "the agreement to purchase a set number of shares of stock of the new corporation at a stated [[price]]"<ref> Cummins R. R., (1997), s. 84</ref>. The explained contract is a deal, which will be performed after the corporation, currently being in the formation, has come to life. At that point in time, the shares of stock are issued to participants of the contract. These shares are going to be paid by those, who build construction of the corporate<ref> Cummins R. R., (1997), s. 84</ref>.</div></td></tr>
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</table>Swhttps://ceopedia.org/index.php?title=Subscription_Agreement&diff=60180&oldid=prevCeopediabot: /* Legal regulations regarding the subscription agreement */typos fixed: withing → within2019-12-13T21:44:33Z<p><span dir="auto"><span class="autocomment">Legal regulations regarding the subscription agreement: </span>typos fixed: withing → within</span></p>
<p><b>New page</b></p><div>{{infobox4<br />
|list1=<br />
<ul><br />
<li>[[Dissenters Rights]]</li><br />
<li>[[Allotment letter]]</li><br />
<li>[[Stock ledger]]</li><br />
<li>[[Bridge Bank]]</li><br />
<li>[[Sub broker]]</li><br />
<li>[[Certificate of ownership]]</li><br />
<li>[[Periodic tenancy]]</li><br />
<li>[[Share certificate]]</li><br />
<li>[[Fixed and floating charge]]</li><br />
</ul><br />
}}<br />
'''Subscription agreement''' is "the agreement to purchase a set number of shares of stock of the new corporation at a stated [[price]]"<ref> Cummins R. R., (1997), s. 84</ref>. The explained contract is a deal, which will be performed after the corporation, currently being in the formation, has come to life. At that point in time, the shares of stock are issued to participants of the contract. These shares are going to be paid by those, who build construction of the corporate<ref> Cummins R. R., (1997), s. 84</ref>.<br />
<br />
==Legal regulations regarding the subscription agreement==<br />
The corporate laws of lots of states include a provision that the contract to purchase stock according to subscription agreement is irreversible for a fixed time period, such as six months<ref> Cummins R. R., (1997), s. 84</ref>. The subscription agreement is seen as an agreement within two parties, a [[company]] and future shareholder. When a subscriber failure to pay or to follow through with buying in accordance with the agreement, the company might take legal proceedings against endorser. According to the Section 6.20 of Model Business Corporation Act, in case when the subscriber failure to pay in accordance with a subscription agreement concluded earlier than incorporation, the company can assemble the amount owed like any other debt. In the further alternative, the company might revoke the contract and sale the shares to somebody else when the subscriber failure to pay<ref> A. Schneeman, (2010), s. 290</ref>,<ref>American Bar Association. Committee on Corporate Laws, (2008), s. 6-15</ref>.<br />
<br />
==Basic information required for the subscription agreement==<br />
Subscription agreements can be used at any moment within the time of life of the corporation to include new shareholder to company and to report purchase of further shares by current shareholders.<br />
'''According to A. Schneeman, a checklist of issues that [[need]] to be taken into account during creating a subscription agreement before incorporation includes following points''' <ref> A. Schneeman, (2010), s. 291</ref>:<br />
* Name and address of each subscriber.<br />
* Name of corporation to be formed.<br />
* Number and [[Class Of Shares|class of shares]] the corporation will be authorized to issue.<br />
* Number and [[Class Of Shares|class of shares]] subscribed.<br />
* Amount of cash or description of consideration paid for subscription.<br />
* Conditions on subscription, if any.<br />
* Date on or before which stock is to be issued and paid for.<br />
* [[Identification]] of subscriber as incorporator or promoter, in appropriate case.<br />
* Date of subscription agreement. <br />
<br />
==Footnotes==<br />
<references/><br />
<br />
==References==<br />
* American Bar Association. Committee on Corporate Laws, (2008), ''[https://books.google.pl/books?id=rfSuHc2aSc0C&pg=SA6-PA27&dq=model+of+business+corporation+act&hl=pl&sa=X&ved=0ahUKEwjsjaSt07zlAhWwmIsKHb6eCSwQ6AEIMTAB#v=onepage&q&f=false Model Business Corporation Act: Official Text with Official Comment and Statutory Cross- References Revised through December 2007]'', American Bar Association, Business Law Section, Chicago, Illinois<br />
* Bouchoux D. B., (2009), ''[https://books.google.pl/books?id=2qtfcCDrzzoC&printsec=frontcover&dq=business+organizations+for+paralegals&hl=pl&sa=X&ved=0ahUKEwiP0cTunL3lAhWIxcQBHRdLC80Q6AEIKTAA#v=onepage&q=business%20organizations%20for%20paralegals&f=false Business Organizations for Paralegals, Fifth Edition]'', Aspen Publishers, USA<br />
* Cummins R. R., (1997), ''Basics of Legal Document Preparation'', Delmar Publishers, New York<br />
* Saliterman R. A., Magnuson R. J., (2011), ''[https://books.google.pl/books?id=Cm9VBAAAQBAJ&pg=PA507&dq=the+law+of+corporations+and+other+business&hl=pl&sa=X&ved=0ahUKEwiO_rq9-7zlAhVxpYsKHRuaCzwQ6AEIazAH#v=onepage&q=subscription%20agreement&f=false Advising Minnesota Corporations and Other Business Organizations]'', Second Edition, Juris Publishing, Inc., USA<br />
* Schneeman A., (2010), ''Law of Corporations and Other Business [[Organization]]'', Delmar Cengage Learning, USA<br />
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{{a|Faustyna Nowicka}}<br />
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[[Category:Law]]</div>Ceopediabot