§ 27-1-7-5 — Stock certificate; contents; transferability

In the case of a stock company, every
shareholder shall be entitled to a certificate, or other evidence of stock
ownership, signed by the president or a vice president and by the
secretary or an assistant secretary, which shall state the name of the
registered holder, the number of shares represented thereby and the par
value of each share. Where such certificate is also signed by a transfer
agent or registrar, or both, the signatures of any such president, vice
president, secretary or assistant secretary may be facsimiled. The shares
represented thereby shall be transferable on the books of the company
in such manner and under such regulations, not inconsistent with the
laws of this state relating to the transfer of shares of stock in
corporations, as may be provided in the by-laws. If such company is
authorized to issue shares of more than one (1) class, every certificate
shall state the kind and class of shares represented thereby, and the
relative rights, interests, preferences and restrictions of such class, or
a summary thereof.
Formerly: Acts 1935, c.162, s.83; Acts 1963, c.144, s.1.