Indiana § 8-4-2-6 Stock without par value; payment in full

Indiana Statutes

§ 8-4-2-6 — Stock without par value; payment in full

Indiana·Art. 4 ORGANIZATION AND OPERATION OF·Ch. 2 Amending Articles of Incorporation in Railroad

Any such company authorized by its articles of
association or consolidation to have shares of capital stock without par
value, may from time to time, issue and sell or otherwise dispose of any
such shares for such consideration as may be provided for in said
articles, or as may be fixed by the board of directors, pursuant to
authority conferred by said articles. When the consideration for which
any such shares was authorized to be issued shall have been received
by the company, such share shall be deemed to be fully paid and
nonassessable.
Formerly: Acts 1933, c.101, s.5.

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Any such company authorized by its articles of
association or consolidation to have shares of capital stock without par
value, may from time to time, issue and sell or otherwise dispose of any
such shares for such consideration as may be provided for in said
articles, or as may be fixed by the board of directors, pursuant to
authority conferred by said articles. When the consideration for which
any such shares was authorized to be issued shall have been received
by the company, such share shall be deemed to be fully paid and
nonassessable.
Formerly: Acts 1933, c.101, s.5.

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