Uncertificated Shares Laws by State
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Allow Uncertificated Shares?Requires Board Approval?Must Surrender Paper on Exchange?Must Amend Bylaws?Must Amend Articles?Must Issue Certificate on Request?Uncertificated Shares Information RequirementsSpecific Additional Enforceability MeasuresSource
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AlabamaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/alabama
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AlaskaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/alaska
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ArizonaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/arizona
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ArkansasYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/arkansas
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CaliforniaYesYesYesOnly necessary if bylaws prohibitUnclearYesStandard opening statementNo
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=corp&group=00001-01000&file=400-423
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ColoradoYesNoUnclearOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://www.dgslaw.com/images/materials/Jan2008_clientalert.htm
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ConnecticutYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/connecticut
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DelawareYesYesYesNoNo
No, not if uncertificated. Yes if certificated shareholder asks.
Standard opening statementNo
https://www.thecorporatecounsel.net/blog/2007/02/by-law-changes-ii-allowing-for-uncertificated-shares.html
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FloridaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0600-0699/0607/Sections/0607.0626.html
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GeorgiaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
http://law.justia.com/codes/georgia/2010/title-14/chapter-2/article-6/part-2/14-2-626/
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HawaiiYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/hawaii
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IdahoYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/idaho
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IllinoisYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
http://codes.lp.findlaw.com/ilstatutes/805/5/6/6_35
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IndianaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
http://codes.lp.findlaw.com/incode/23/1/26/23-1-26-7
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IowaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
http://law.justia.com/codes/iowa
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KansasYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/kansas
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KentuckyYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/kentucky
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LouisianaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/louisiana
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MaineYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/maine
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MarylandYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
http://law.justia.com/codes/maryland/2013/article-gca/section-2-210/
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Massachusetts
YesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156B/Section27
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MichiganYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
http://www.legislature.mi.gov/(S(2jb30hfgekaqrbsqhnpcmcfw))/mileg.aspx?page=getObject&objectName=mcl-450-1336
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MinnesotaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesNone for public cos, standard for private cosNo
https://www.revisor.mn.gov/statutes/?id=302A.417
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MississippiYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/mississippi
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MissouriYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/missouri
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MontanaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/montana
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NebraskaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/nebraska
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NevadaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitNoStandard opening statement and re-send annuallyNo
http://law.justia.com/codes/nevada/2010/title7/chapter78/nrs78-235.html
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New Hampshire
YesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/new hampshire
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New JerseyYesYesUnclearUnclearUnclearUnclearStandard opening statementNo
http://law.justia.com/codes/new-jersey/2013/title-14a/section-14a-7-11
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New MexicoYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/new mexico
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New YorkYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearStandard opening statementNo
http://codes.findlaw.com/ny/business-corporation-law/bsc-sect-508.html
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North Carolina
YesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/north carolina
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North DakotaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/north dakota
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OhioYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/ohio
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OklahomaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/oklahoma
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OregonYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/oregon
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PennsylvaniaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/pennsylvania/2010/title-15/chapter-15/1528
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Rhode IslandYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/rhode island
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South Carolina
YesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/south carolina
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South DakotaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/south dakota
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TennesseeYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/tennessee
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TexasYesUnclearYesUnclearUnclearUnclearStandard opening statementSeveral added enforceability provisions
http://www.statutes.legis.state.tx.us/Docs/BO/htm/BO.21.htm
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UtahYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/utah
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VermontYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/vermont
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VirginiaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitNoStandard opening statementNo
https://vacode.org/13.1-648/
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WashingtonYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/washington
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West VirginiaYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/west virginia
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WisconsinYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitUnclearUnclearNo
http://law.justia.com/codes/wisconsin/2012/chapter-180/
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WyomingYesYesYesOnly necessary if bylaws prohibitOnly necessary if articles prohibitYesStandard opening statementNo
http://law.justia.com/codes/wyoming
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