This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Convertible Note Cap Table in West Virginia

In West Virginia, a convertible note cap table is governed by the default statutory terms set out in W. Va. Code § 31D-6-601. This statute establishes the legal framework for how convertible instruments interact with corporate equity, specifying the treatment of conversion rights and the resulting ownership structure upon conversion. The rule provides the statutory default terms that apply unless the company’s articles of incorporation or the instrument itself expressly provide otherwise. The exact calculation of conversion ratios and capital adjustments depends on the specific terms of the note and the company’s equity structure. The worked example below illustrates the statutory default method. To estimate your own result, use the calculator with your specific note terms.

Governing authority

In West Virginia, the convertible note cap table rule is set by W. Va. Code § 31D-6-601. The verified packet cites W. Va. Code § 31D-6-601 (https://www.wvlegislature.gov/wvcode/code.cfm?chap=31d&art=6).

West Virginia convertible note cap table: governed by W. Va. Code § 31D-6-601. The verified packet cites W. Va. Code § 31D-6-601 (https://www.wvlegislature.gov/wvcode/code.cfm?chap=31d&art=6).

Estimate your own result: every situation has exceptions that can change the outcome. Use the convertible note cap table calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.