10-30-06. Capitalization.
44 words·~1 min read·
/nd/title-10/chapter-10-30-development-corporations/10-30-06·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The capital stock of the corporation is six thousand shares of no par value, which must be issued for fifty dollars per share in cash, and four thousand shares of no par value, which may be issued for the current book value in cash.