State Codes and Statutes
Statutes > North-carolina > Chapter_113 > GS_113-69§ 113‑69. Limitation on bounties to stockholders.
Stockholders shall at no time receive or accept from any suchcorporation in repayment of their investment in its stock any sums in excess ofthe par value of the stock together with cumulative dividends at the rate setforth in G.S. 113‑67 except that nothing in this section contained shallbe construed to prohibit the distribution of the assets of such corporation inkind to its stockholders upon dissolution thereof. (1933, c. 178, s. 9.)
