N.C. Gen. Stat. § 54-119
Certificate for stock fully paid
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
Certificates of stock shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as shareholders: Provided, part of the stock subscribed for has been paid in cash.
Certificates of stock shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as shareholders: Provided, part of the stock subscribed for has been paid in cash.
History
(1915, c. 144, s. 11; C.S., s. 5250.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.