District of Columbia Statutes

§ 31-4414 — Capital stock transfers.

District of Columbia § 31-4414
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 44Domestic Life Companies.

This text of District of Columbia § 31-4414 (Capital stock transfers.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
D.C. Code § 31-4414 (2026).

Text

(a)The capital stock of such company shall be deemed personal estate and shall be transferable in such manner as shall be prescribed by the bylaws of the company; but no shares shall be transferable until all previous calls thereon shall have been fully paid in or the shares shall have been declared forfeited for nonpayment.
(b)A person in whose name shares of capital stock stand on the books of a company shall be deemed the owner thereof as regards the company, but if any such person shall in good faith sell or otherwise dispose of any of his shares of capital stock to another and deliver to him the certificates for such shares, with written authority for the transfer of the same on the books, the title of the former shall vest in the latter so far as may be necessary to effect the pur

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Legislative History

June 19, 1934, 48 Stat. 1147, ch. 672, ch. III, § 14

Nearby Sections

15
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District of Columbia § 31-4414, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-4414.