17-2330

Chapter 17.--CORPORATIONS

Article 23.--DEVELOPMENT CREDIT CORPORATIONS; HOUSING LAWS

     
17-2330.   Same; capital stock.
No such corporation shall be organized with a capital stock of less than
twenty-five thousand dollars ($25,000), which shall be paid into the
treasury of the corporation in cash before the corporation shall be
authorized to transact any business other than such as relates to its
organization.

     
History:   L. 1955, ch. 144, § 3; June 30.