A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
Conn. Gen. Stat. § 33-679
Expense of issue
Known as the Connecticut Business Corporation Act
The act spans §§ 33–33 (278 sections).
(P.A. 94-186, S. 51, 215.) History: P.A. 94-186 effective January 1, 1997.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.