17-6406.   Partly paid certificated shares.Any corporation may issue the whole or any part of its shares as partlypaid and subject to call for the remainder of the consideration to be paidtherefor. Upon the face or back of each stock certificate issued torepresent any such partly paid certificated shares, or upon the books andrecords of the corporation in the case of uncertificated partly paidshares, the total amount of theconsideration to be paid therefor and the amount paid thereon shall bestated. Upon the declaration of any dividend on fully paid shares, thecorporation shall declare a dividend upon partly paid shares of the sameclass, but only upon the basis of the percentage of the considerationactually 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.