10-2261. Authorization to commence business
A corporation formed under this chapter shall not begin the transaction of any business, except such as is incident to its organization or to the obtaining of members of subscriptions to or payment for its shares, until it certifies to the superintendent of financial institutions that there has been paid into the corporate treasury a minimum of one hundred thousand dollars from the sale at par value of the capital stock of the corporation.
Section: Previous 10-2254 10-2255 10-2256 10-2257 10-2258 10-2259 10-2260 10-2261 10-2262 10-2263 10-2264 10-2265 10-2266 10-2267 10-2401 NextLast modified: October 13, 2016