51A-6A-22. Increasing capital stock or ownership units.
72 words·~1 min read·
/sd/title-51/chapter-51-6/51a-6a-22·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The capital stock or ownership units of any trust company may be increased. The president and cashier shall forward a verified statement to the director showing the amount of the increase, the names and addresses of the subscribers, the amount subscribed by each, and that the same had been paid in full to the trust company. The date and amount of the increase also shall be certified to the secretary of state.