17-6411. Issuance of additional stock by directors, when.
17-6411
17-6411. Issuance of additional stock by directors, when.
At any time and from time to time, if all of the shares of capital stock
which the corporation is authorized by its articles of incorporation to
issue have not been issued, subscribed for or otherwise committed to be
issued, the directors may issue or take subscriptions for additional shares
of its capital stock up to the amount authorized in its articles of
incorporation.
History: L. 1972, ch. 52, § 38; July 1.