Certificates Representing Shares. If issued, certificates representing shares of the Corporation shall include: (a) the name of the Corporation and that the Corporation is organized under the laws of the State of Louisiana; (b) the name of the person to whom the certificate is issued; (c) the number and class of shares and the designation of the series, if any, which the certificate represents; and (d) a conspicuous statement setting forth restrictions on the transfer of the shares, if any. No share shall be issued until the consideration therefor, fixed as provided by law, has been fully paid. The Board of Directors may authorize the issuance of some or all of the shares of any or all classes or series without certificates. The Corporation shall, within a reasonable time after the issuance or transfer of uncertificated shares, send to the registered owner of uncertificated shares a written notice containing the information required to be set forth or stated on certificates pursuant to the BCA. Except as otherwise expressly provided by law, the rights and obligations of the holders of uncertificated shares and the rights and obligations of the holders of certificates representing shares of the same class and series shall be identical.
Appears in 3 contracts
Sources: Merger Agreement (Gulf Island Fabrication Inc), Merger Agreement (Gulf Island Fabrication Inc), Merger Agreement (IES Holdings, Inc.)