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Pismo Coast Village Inc. (OTC:PVCA) announced Wednesday that its board of directors has amended Article VII of the company’s bylaws to permit the issuance of uncertificated shares, also known as book-entry shares, in addition to physical share certificates. The amendment maintains existing transfer restrictions on the company’s shares.
According to a statement included in a Securities and Exchange Commission filing, the board approved the change on Saturday. The amendment allows shareholders to hold their shares in electronic form, rather than requiring physical certificates.
A complete copy of the amended and restated Article VII of the bylaws was filed as an exhibit to the SEC report. The company is based in Pismo Beach, California and operates in the lodging industry.
This information is based on a press release statement contained in a SEC filing.
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