{"data":{"id":"us-ut/utah-code-56-1-3","jurisdiction":"us-ut","citation":"Utah Code § 56-1-3","heading":"Stock subscriptions -- Minimum requirements.","body":"The Division of Corporations and Commercial Code shall not issue a certificate of incorporation to any railroad corporation which proposes to construct a railroad until it shall appear by the affidavit of at least three of the incorporators that $1,000 for each mile in length of the railroad proposed to be constructed shall have been subscribed, and that 10% of the stock subscribed by each stockholder has been paid in.","path":["Title 56 Railroads","Chapter 56-1 General Provisions"],"source_url":"https://le.utah.gov/xcode/Title56/Chapter1/56-1-S3.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"6ff6a6d015a5127af3001ea1d6387a0372eaa7bc43cc484f73c828765edca8ca","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-56-1-2","next":"us-ut/utah-code-56-1-4"},"notice":"GroundRules: Original legal text. Not legal advice."}