West Virginia Code 31D-6-628 – Expense of issue
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A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
Terms Used In West Virginia Code 31D-6-628
- 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.
- Shares: means the units into which the proprietary interests in a corporation are divided. See West Virginia Code 31D-1-150