§ 113-69. Limitation on bounties to stockholders. - North Carolina Statutes

§ 113‑69. Limitation on bounties to stockholders.

Stockholders shall at no time receive or accept from any suchcorporation in repayment of their investment in its stock any sums in excess ofthe par value of the stock together with cumulative  dividends at the rate setforth in G.S. 113‑67 except that nothing in  this section contained shallbe construed to prohibit the distribution of the assets of such corporation inkind to its stockholders upon dissolution thereof. (1933, c. 178, s. 9.)