TITLE XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
CHAPTER 296 DIVIDEND-PAYING CORPORATIONS
Capitalizing Surplus
Section 296:17
296:17 Certificate. –
The certificate aforesaid shall be under oath and signed by the treasurer and a majority of the directors, and shall state the number of shares and the par value thereof issued to represent surplus profits, and that said stock represents cash or property at a fair valuation owned by the corporation.