Certificate of Designation Creating Series of Preferred Stock
(TX Corporation)

Summary

This Certificate of Designation Creating Series of Preferred Stock (TX Corporation) template is used by a Texas for-profit corporation to create a new series of preferred stock. This template contains practical guidance and drafting notes. The issuance should be properly authorized by the corporation's board of directors and should include all applicable rights and restrictions with respect to the new stock. This resolution must be accompanied with a statement that complies with the requirements of Tex. Bus. Orgs. Code § 21.156 and filed with the Texas Secretary of State. For more information, see Entity Maintenance and Amendments (TX Corporation) and Corporation Stock and Stockholders (TX Corporation).