Idaho Const. art. XI, § 9

Idaho Constitution

Article XI, § 9 — INCREASE IN CAPITAL STOCK

This text of Idaho Const. art. XI, § 9 (INCREASE IN CAPITAL STOCK) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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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.

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Bluebook (online)

Idaho Const. art. XI, § 9, Counsel Stack Legal Research, https://law.counselstack.com/constitution/id/XI/9.