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Code · North Carolina · Chapter 54 — Cooperative Organizations

Article 17.

58 words·~1 min read·/nc/chapter-54/17

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Article 17.
Stockholders and Officers.
§ 54-119. Certificate for stock fully paid.
Certificates of stock shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as shareholders: Provided, part of the stock subscribed for has been paid in cash. (1915, c. 144, s. 11; C.S., s. 5250.)
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