§ 54-119. Certificate for stock fully paid. - North Carolina Statutes

Article17.

Stockholders andOfficers.

§ 54‑119.  Certificatefor stock fully paid.

Certificates of stock shallnot be issued to any subscriber until fully paid, but the bylaws of theassociation may allow subscribers to vote as shareholders: Provided, part ofthe stock subscribed for has been paid in cash. (1915, c. 144, s. 11; C.S.,s. 5250.)