§ 7-51-110 — Certificate of full paid stock

The president and a majority of the
board of trustees, directors, or other similar officers, after the payment of the last
installment of capital stock so fixed and limited by the company as required by this
article, shall make a certificate stating the amount of the capital stock so fixed and
paid in, which certificate shall be signed and sworn to by the president and a
majority of the board of trustees, directors, or other similar officers, and record the
same in the office of the clerk and recorder of the county within which the
corporation is formed; and from the date of the recording of such certificate, the
stockholders of that company shall not be liable for any of the debts of such
corporation.

Legislative History

Source: L. 1879: p. 36, � 10. G.S. � 393. R.S. 08: � 1043. C.L. � 2409. CSA: C. 41, � 206. CRS 53: � 31-22-10. C.R.S. 1963: � 31-21-10.