17-6406. Partly paid certificated shares.
17-6406
17-6406. Partly paid certificated shares.
Any corporation may issue the whole or any part of its shares as partly
paid and subject to call for the remainder of the consideration to be paid
therefor. Upon the face or back of each stock certificate issued to
represent any such partly paid certificated shares, or upon the books and
records of the corporation in the case of uncertificated partly paid
shares, the total amount of the
consideration to be paid therefor and the amount paid thereon shall be
stated. Upon the declaration of any dividend on fully paid shares, the
corporation shall declare a dividend upon partly paid shares of the same
class, but only upon the basis of the percentage of the consideration
actually paid thereon.
History: L. 1972, ch. 52, § 33;
L. 1986, ch. 399, § 4;
L. 1988, ch. 99, § 12; Revived and amend., L. 1988, ch. 100, § 12; May 5.