CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
293:1 Local Corporations.
Within 30 days after the close of any session of the legislature, parties procuring the passage of any act at that session incorporating, or renewing the corporate powers of, a corporation which is to carry on its business and have its principal office in this state shall pay to the secretary of state a sum according to the nature of the corporation, as follows: savings banks, $100; other banks 1/10 of one percent and railroads and insurance companies 1/20 of one percent, upon the largest amount of capital authorized by the act; other corporations having for their object a division of profits, $50; and for every act in amendment of any such act, $25.
Source. 1877, 34:1. 1878, 28:1. GL 13:5. 1881, 101:1. PS 14:5. PL 13:5. RL 20:5. 1953, 78:1, eff. April 10, 1953.
293:2 Other Corporations.
Every corporation which is not to carry on its business and have its principal office in this state, obtaining a charter or an act increasing its capital stock from the legislature, shall pay to the secretary of state, within 30 days after the close of the session, a charter fee on the largest amount of the capital or increase of capital authorized by its charter, as follows: where the amount of said capital or increase does not exceed $25,000, $10; where it exceeds $25,000 and does not exceed $100,000, $25; where it exceeds $100,000 and does not exceed $500,000, $50; where it exceeds $500,000 and does not exceed $1,000,000, $100; where it exceeds $1,000,000, $200.
Source. 1889, 89:1. PS 14:6. 1895, 18:1. PL 13:6. RL 20:6. 1953, 78:2, eff. April 10, 1953.
Avoidance of Charters for Nonpayment, Fraud, Etc.
293:3 Nonpayment of Fees.
Acts of the legislature which come within the provisions of the 2 preceding sections shall be void 30 days after notice from the secretary of state demanding payment of fees therein specified, if the payment of said sums is not made.
Source. 1877, 34:3. GL 13:7. PS 14:17. PL 13:7. RL 20:7. 1953, 78:3, eff. April 10, 1953.
293:4 False Pretenses.
If the parties procuring the passage of any act of incorporation, or renewal thereof, shall falsely pretend that the corporation is to carry on its business and have its principal office in this state for the purpose of avoiding the charter fee in whole or in part, the act shall thereby be rendered void.
Source. 1889, 89:2. PS 14:8. PL 13:8. RL 20:8.
293:5 Stockholders' Liability.
If the charter of a corporation is rendered void by any of the provisions of the 2 preceding sections, the stockholders thereof shall be liable as partners, and no suit against any of said stockholders shall abate by reason of the nonjoinder of others.
Source. 1877, 34:3. GL 13:7. 1889, 89:2. PS 14:9. PL 13:9. RL 20:9.
It shall be the duty of the attorney general to institute and prosecute to final judgment proceedings to have declared void the charter of any corporation when made so by the provisions of this chapter, and such remedy shall be cumulative.
Source. PS 14:10. PL 13:10. RL 20:10.