South Dakota Codified Laws 49-33-19. Capital stock subscription
Current as of: 2023 | Check for updates
|
Other versions
When a certificate is issued pursuant to § 49-33-4, the directors of such corporation may, in case the whole of the capital stock shall not have been before subscribed, open books of subscription to fill up the capital stock at such places and upon such notice as they may deem expedient, and may from time to time receive subscriptions until the whole of the capital stock is subscribed.
Terms Used In South Dakota Codified Laws 49-33-19
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SDC 1939, § 52.1503.