58-26-4. Preferred or guaranteed stocks--Method of computing value approved by director.
40 words·~1 min read·
/sd/title-58/chapter-58-26/58-26-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Preferred or guaranteed stocks or shares while paying full dividends may be carried at a fixed value in lieu of market value, at the discretion of the director and in accordance with such method of computation as he may approve.