Securities
Securities requires a board vote to issue equity and a person’s own representations on every SAFE, stock purchase, vesting agreement, and option grant.
| Property | Value |
|---|---|
| Wakes | A Company issues equity, signs a SAFE, grants options, or accepts an investor’s subscription. |
| Process | Capital |
| Signs | Founder, Founding Team |
| Sources | DGCL s. 152, 153 and 157; Securities Act s. 4(a)(2) and Regulation D; IRC s. 83(b) |