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RSA 294-C:1 · Limits of Issue

Title: XXVII: CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Chapter: 294-C · FRAUDULENT OR UNAUTHORIZED ISSUE OF STOCK
Status: current
Official source linked: Yes

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294-C:1 Limits of Issue. – No corporation shall increase its capital stock beyond the maximum amount fixed by its charter or otherwise authorized by law, or divide the proceeds of the sale of its stock among its stockholders, or issue certificates of stock when the par value of the shares represented by the certificates has not been fully paid to its treasurer. All certificates issued for such unauthorized stock shall be void. Source. 1870, 17:1, 2. GL 158:9, 10. PS 273:11. PL 387:18. RL 450:17. RSA 580:17. 1973, 532:22, eff. Nov. 1, 1973.

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Source note

Source. 1870, 17:1, 2. GL 158:9, 10. PS 273:11. PL 387:18. RL 450:17. RSA 580:17. 1973, 532:22, eff. Nov. 1, 1973.

Source history

1870, 17:1, 2. GL 158:9, 10. PS 273:11. PL 387:18. RL 450:17. RSA 580:17
1973, 532:22, eff. Nov. 1, 1973