17-6408.Stock certificates; uncertificated
shares.
The shares of a corporation shall be represented by certificates, except that
the board of directors of the corporation may provide by resolution or
resolutions that some or all of any or all classes or series of its stock shall
be uncertificated shares. Any such resolution shall not apply to shares
represented by a certificate until such certificate is surrendered to the
corporation. Notwithstanding the adoption of such a resolution by the board of
directors, every holder of stock represented by certificates and upon request
every holder of uncertificated shares shall be entitled to have a certificate
signed by, or in the name of the corporation by the chairperson or
vice-chairperson of the board of directors, or the president or vice-president,
and by the treasurer or an assistant treasurer, or the secretary or assistant
secretary of such corporation representing the number of shares registered in
certificate form. Any or all of the signatures on the certificate may be a
facsimile. In the event that any officer, transfer agent or registrar who has
signed or whose facsimile signature has been placed upon a certificate has
ceased to be such officer, transfer agent or registrar before such certificate
is issued, such certificate may be issued by the corporation with the same
effect as if the person were such officer, transfer agent or registrar at the
date of issue. A corporation shall not have power to issue a certificate in
bearer form.
History: L. 1972, ch. 52, § 35;
L. 1986, ch. 97, § 3;
L. 1986, ch. 399, § 5;
L. 1988, ch. 99, § 13;
Revived and amend., L. 1988, ch. 100, § 13;
L. 2004, ch. 143, § 15; Jan. 1, 2005.
17-6408.Stock certificates; uncertificated
shares.
The shares of a corporation shall be represented by certificates, except that
the board of directors of the corporation may provide by resolution or
resolutions that some or all of any or all classes or series of its stock shall
be uncertificated shares. Any such resolution shall not apply to shares
represented by a certificate until such certificate is surrendered to the
corporation. Notwithstanding the adoption of such a resolution by the board of
directors, every holder of stock represented by certificates and upon request
every holder of uncertificated shares shall be entitled to have a certificate
signed by, or in the name of the corporation by the chairperson or
vice-chairperson of the board of directors, or the president or vice-president,
and by the treasurer or an assistant treasurer, or the secretary or assistant
secretary of such corporation representing the number of shares registered in
certificate form. Any or all of the signatures on the certificate may be a
facsimile. In the event that any officer, transfer agent or registrar who has
signed or whose facsimile signature has been placed upon a certificate has
ceased to be such officer, transfer agent or registrar before such certificate
is issued, such certificate may be issued by the corporation with the same
effect as if the person were such officer, transfer agent or registrar at the
date of issue. A corporation shall not have power to issue a certificate in
bearer form.
History: L. 1972, ch. 52, § 35;
L. 1986, ch. 97, § 3;
L. 1986, ch. 399, § 5;
L. 1988, ch. 99, § 13;
Revived and amend., L. 1988, ch. 100, § 13;
L. 2004, ch. 143, § 15; Jan. 1, 2005.
17-6408.Stock certificates; uncertificated
shares.
The shares of a corporation shall be represented by certificates, except that
the board of directors of the corporation may provide by resolution or
resolutions that some or all of any or all classes or series of its stock shall
be uncertificated shares. Any such resolution shall not apply to shares
represented by a certificate until such certificate is surrendered to the
corporation. Notwithstanding the adoption of such a resolution by the board of
directors, every holder of stock represented by certificates and upon request
every holder of uncertificated shares shall be entitled to have a certificate
signed by, or in the name of the corporation by the chairperson or
vice-chairperson of the board of directors, or the president or vice-president,
and by the treasurer or an assistant treasurer, or the secretary or assistant
secretary of such corporation representing the number of shares registered in
certificate form. Any or all of the signatures on the certificate may be a
facsimile. In the event that any officer, transfer agent or registrar who has
signed or whose facsimile signature has been placed upon a certificate has
ceased to be such officer, transfer agent or registrar before such certificate
is issued, such certificate may be issued by the corporation with the same
effect as if the person were such officer, transfer agent or registrar at the
date of issue. A corporation shall not have power to issue a certificate in
bearer form.
History: L. 1972, ch. 52, § 35;
L. 1986, ch. 97, § 3;
L. 1986, ch. 399, § 5;
L. 1988, ch. 99, § 13;
Revived and amend., L. 1988, ch. 100, § 13;
L. 2004, ch. 143, § 15; Jan. 1, 2005.