What is “Ordering the Book for the Subscription of Stock” in Incorporation?

“Ordering the book for subscriptions of stocks” deals with opening and closing the corporate books on the sale of shares to shareholders, typically at the time of incorporation.

This statement is a corporate formality so that ownership can be established.

Simply put, the corporation opened its books by selling the shareholders some shares, and once those shares were assigned and sold on the corporation\’s books, the books were “closed.”

The subject of “ordering the book” is covered in depth as part of the content of Standard Legal’s Incorporation legal forms software package.