Sec. 33-191. Issue of certificate of shares.
62 words·~1 min read·
/ct/title-33/chapter-595-cooperative-associations/33-191·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No certificate of shares shall be issued to any person until the full amount thereof has been paid in cash, and no shareholder shall receive less than the par value of any share when disposing of the same to the board of directors. No person shall be allowed to become a shareholder in such association except by the consent of the directors.