Colorado Const. art. XV, § 9

Colorado Constitution

Article XV, § 9 — Fictitious stock, bonds - increase of stock

Colorado Const. art. XV, § 9 (Fictitious stock, bonds - increase of stock) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionColorado DocumentConstitution

ArticleXV

Section§ 9

CitationColorado Const. art. XV, § 9

Bluebook

Colo. Const. art. XV, § 9.

Full Text

No corporation shall issue stocks or bonds, except for labor done, service performed, or money or property actually received, and all fictitious increase of stock or indebtedness shall be void. The stock of corporations shall not be increased except in pursuance of general law, nor without the consent of the persons holding a majority of the stock, first obtained at a meeting held after at least thirty days' notice given in pursuance of law.

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No corporation shall issue stocks or bonds, except for labor done, service performed, or money or property actually received, and all fictitious increase of stock or indebtedness shall be void. The stock of corporations shall not be increased except in pursuance of general law, nor without the consent of the persons holding a majority of the stock, first obtained at a meeting held after at least thirty days' notice given in pursuance of law.

History

Entire article added, effective August 1, 1876, see L. 1877, p. 70.