The Law of Private Corporations Based Upon the Statutes of the State of Washing
The Law of Private Corporations Based Upon the Statutes of the State of Washing
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In our eReader you can find the full English version of the book. Read The Law of Private Corporations Based Upon the Statutes of the State of Washing Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Law of Private Corporations Based Upon the Statutes of the State of Washing
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3 In general.
Amount of capital stock.
159. The articles of incorporation must state the amount of the capital stock. 1 The amount is arrived at by agreement of the parties. A banking corporation, however, must have at least twenty-five thousand dollars capital stock, 2 a trust company twenty-five thousand dol- lars or more, according to the population of the city or town where located. 3 A building and loan association must have an authorized capital of two million dollars. 4 Certain corporati...ons organized for educational, social or charitable objects do not need any capital stock. 5 Number and face value of shares of capital stock.
160. The articles of incorporation must state the number of shares into which the capital stock is divided. 1 The face value of the shares, is with few exceptions, left to agreement between the parties. 2 The face value of the shares of a bank or trust company, 3 however, must be one hundred dollars.
158.
3 Puget Sound Etc. Co. V. Oullette, supra. 159.
1 Sec.
What to read after The Law of Private Corporations Based Upon the Statutes of the State of Washing?
You can find similar books in the "Read Also" column, or choose other free books by John Francis Douglas to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
3 In general.
Amount of capital stock.
159. The articles of incorporation must state the amount of the capital stock. 1 The amount is arrived at by agreement of the parties. A banking corporation, however, must have at least twenty-five thousand dollars capital stock, 2 a trust company twenty-five thousand dol- lars or more, according to the population of the city or town where located. 3 A building and loan association must have an authorized capital of two million dollars. 4 Certain corporati...ons organized for educational, social or charitable objects do not need any capital stock. 5 Number and face value of shares of capital stock.
160. The articles of incorporation must state the number of shares into which the capital stock is divided. 1 The face value of the shares, is with few exceptions, left to agreement between the parties. 2 The face value of the shares of a bank or trust company, 3 however, must be one hundred dollars.
158.
3 Puget Sound Etc. Co. V. Oullette, supra. 159.
1 Sec.
What to read after The Law of Private Corporations Based Upon the Statutes of the State of Washing?
You can find similar books in the "Read Also" column, or choose other free books by John Francis Douglas to read onlineMoreLess
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