CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Capital Stock and Shares
A corporation may divide its capital stock into different classes of shares, giving such preferences in relation to dividends to any class as it sees fit; but the duties and liabilities of its stockholders to creditors of the corporation and to the state shall not be affected thereby.
Source. PS 149:8. PL 227:9. RL 276:9.