GroundRules
N.C. Gen. Stat. § 54-119: Certificate for stock fully paid.
Where this section sits in the code
- Chapter 54. Cooperative Organizations.
- SUBCHAPTER IV. COOPERATIVE ASSOCIATIONS.
- Article 17. Stockholders and Officers.
Certificates of stock shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as shareholders: Provided, part of the stock subscribed for has been paid in cash. (1915, c. 144, s. 11; C.S., s. 5250.)
Collected 2026-08-27T18:05:32Z. Source file · JSON