Idaho Const. art. XI, § 9

Idaho Constitution

Article XI, § 9 — INCREASE IN CAPITAL STOCK

Idaho Const. art. XI, § 9 (INCREASE IN CAPITAL STOCK) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionIdaho DocumentConstitution

ArticleXI

Section§ 9

CitationIdaho Const. art. XI, § 9

Bluebook

Idaho Const. art. XI, § 9.

Full Text

No corporation shall issue stocks or bonds, except for labor done, services 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 of the class to be increased, first obtained at a meeting, held pursuant to such notice as is provided by the legislature.

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No corporation shall issue stocks or bonds, except for labor done, services 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 of the class to be increased, first obtained at a meeting, held pursuant to such notice as is provided by the legislature.

History

Amendment No. 73: Proposed 1965, S.L. page 958, H.J.R. 10; ratified November 8, 1966.