• § 7-1-410 - Minimum Capital Stock
  (a) Except as provided in subsections (b) and (c) of this Code section, the minimum capital stock of a de novo bank or trust...
• § 7-1-411 - Paid-In Capital and Appropriated Retained Earnings
  Losses sustained by a bank or trust company in excess of retained earnings may be charged to paid-in capital or to appropriated retained earnings,...
• § 7-1-412 - Beginning Business Expense Fund
  The expense fund required under Code Section 7-1-396 shall be created out of amounts paid for shares of common stock which are in excess...
• § 7-1-413 - Classes of Shares
  A bank or trust company may have one or more classes of common or preferred shares, all of which shall be shares with par...
• § 7-1-414 - Purchase, Redemption, and Convertibility of Shares and Debt Securities
  (a) Any preferred shares subject to redemption shall be redeemable only pro rata or by lot or by such other equitable method as is...
• § 7-1-415 - Consideration for Shares
  (a) Except as provided in subsection (b) of this Code section and in the case of a distribution of shares under subsection (e) of...
• § 7-1-416 - Method of Issuance
  (a) Unless more restrictive procedures are stated in the articles, the board of directors may, by resolution duly adopted, issue from time to time,...
• § 7-1-417 - Share Certificates and Debt Security Instruments
  (a) A bank or trust company shall not deliver any share certificate until the share or shares represented thereby are fully paid. Each subscriber,...
• § 7-1-418 - Issuance and Transfer of Fractional Shares or Scrip
  (a) A bank or trust company may, but shall not be obliged to, issue certificates for fractional shares in order to effect share transfers,...
• § 7-1-419 - Subordinated Securities
  (a) A bank or trust company may issue notes, debentures, or other obligations in the form of "subordinated securities," provided that they: (1) Are...

Last modified: October 14, 2016