663.311 Shares of stock. - Florida Statutes

663.311 Shares of stock.

   (1) An international development bank shall issue capital stock with par value of not more than $1 per share.

   (2) No international development bank shall issue any shares of capital stock before they are fully paid.

   (3) With the approval of the office, an international development bank may issue less than all of the number of shares of capital stock authorized by its articles of incorporation; provided that such authorized but unissued shares may be issued only to increase the capital of the international development bank with the approval of the office.

History. ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1852, ch. 2003-261.