§ 908 Corporate Amendment Filing Effects

• •If a company changes its rules (like splitting shares or canceling them), it must file a paper with the government to make it official.
• •Once the government approves the paper, the changes happen right away.
• •A copy of the approved paper from the government is proof that the changes were done correctly.

A company wants to split one share into two shares so more people can buy them.

The company files a paper with the government saying they want to do this. Once the government says okay, the split happens, and the company can show the government’s approved paper as proof.