Legal Question in Administrative Law in Florida
dilution of stock
Our CEO needs to dilute the stock by adding shares to prepare for a large investor.
There are at present 3 small investors.
Does he have to ask or merely notify them?
Asked on 4/18/07, 10:48 pm
1 Answer from Attorneys
Johm Smith
tom's
Re: dilution of stock
When you dilute stock, you are taking from the current shareholders so you do have to follow either your own shareholder agreement or state statutes.
Answered on 4/19/07, 9:47 am
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