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NVCA model certificate of incorporation (updated October 2025), preferred stock protective provisions

4 records were read from this source, dated 21 Oct 2026.

Open it on nvca.org

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Last checked 21 Oct 2026

What was read from it

Records read from this source
Record	Kind	As stated	Dated
Has the board approved the licence, and do investor agreements or charters give investors a veto over selling or licensing key assets?	Rights question	Board resolution plus any investor consent the charter requires on file; for a dissolved…	21 Oct 2026
NVCA model certificate of incorporation (October 2025): preferred stock protective provisions (NVCA Model Certificate of Incorporation, Article Fourth, Part B, section 3.3 (updated October 2025))	Law or ruling	In the standard venture charter, the company cannot dissolve, wind up or sell or…	21 Oct 2026
NVCA model certificate of incorporation (October 2025): preferred stock is paid first on liquidation (NVCA Model Certificate of Incorporation, Article Fourth, Part B, section 2.1 (updated October 2025))	Law or ruling	In the standard venture charter, what is left for stockholders after a dissolution goes…	21 Oct 2026
NVCA model certificate of incorporation (October 2025): an exclusive licence of substantially all assets is a deemed liquidation event (NVCA Model Certificate of Incorporation, Article Fourth, Part B, section 2.3.1(b)(i) (updated October 2025))	Law or ruling	In the standard venture charter, selling or exclusively licensing all or substantially…	21 Oct 2026

Has the board approved the licence, and do investor agreements or charters give investors a veto over selling or licensing key assets?
Kind
Rights question
As stated
Board resolution plus any investor consent the charter requires on file; for a dissolved…
Dated
21 Oct 2026
NVCA model certificate of incorporation (October 2025): preferred stock protective provisions (NVCA Model Certificate of Incorporation, Article Fourth, Part B, section 3.3 (updated October 2025))
Kind
Law or ruling
As stated
In the standard venture charter, the company cannot dissolve, wind up or sell or…
Dated
21 Oct 2026
NVCA model certificate of incorporation (October 2025): preferred stock is paid first on liquidation (NVCA Model Certificate of Incorporation, Article Fourth, Part B, section 2.1 (updated October 2025))
Kind
Law or ruling
As stated
In the standard venture charter, what is left for stockholders after a dissolution goes…
Dated
21 Oct 2026
NVCA model certificate of incorporation (October 2025): an exclusive licence of substantially all assets is a deemed liquidation event (NVCA Model Certificate of Incorporation, Article Fourth, Part B, section 2.3.1(b)(i) (updated October 2025))
Kind
Law or ruling
As stated
In the standard venture charter, selling or exclusively licensing all or substantially…
Dated
21 Oct 2026

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