17-1629.   Increase of capital.Any corporation organized under this act may increase its capital to any amountprovided that such increase must be first approved by a 2/3 vote of directorsand then be approved by affirmative vote of 2/3 of the outstanding shares ofvoting stock, or if the corporation is organized on the one person, one voteplan, then by the affirmative vote of 2/3 of the corporation's votingstockholders. In lieu of affirmative vote of 2/3 of the outstanding shares ofvoting stock, or if the corporation is organized on the one person, one voteplan, then in lieu of the affirmative vote of 2/3 of the corporation's votingstockholders, the capital may be increased by affirmative vote of 2/3 of thevoting stockholders present and voting at any annual meeting or special meetingcalled for such purpose and upon written notice sent by first-class mail toevery stockholder at such stockholder's last known post-office address at least10 days prior to such meeting.

      History:   L. 1931, ch. 150, § 12; L. 1968, ch. 379, § 3; L. 1992,ch. 227, § 24; July 1.