CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Capital Stock and Shares
296:5 Vote to Issue.
Any corporation now existing, or which may hereafter be established under the laws of this state, which has a capital stock and has among its objects a division of profits among its stockholders, may vote to issue shares of its capital stock to an amount not less than 50 percent of the total amount lawfully fixed and limited.
Source. 1915, 80:1. PL 227:5. RL 276:5.