HB 516, 48th R.S.
Relating to amending certain Statutes by providing that upon incorporation of a par-value stock corporation by original charter, and upon the formation of a corporation or amended charter, authorized to issue any non-par value stock, such corporation shall be required to have a fully paid up surplus at least equal to fifty per cent of its authorized capital stock, up to a required surplus of One Hundred Thousand Dollars ($100,000); providing severability.
Author: Harry L. Davis, Jr.
Subjects:
Corporations & Associations
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