42 U.S.C. § 3935 — Financing the corporation
submitted 58 years ago by Pub. L. 90-448 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 92 words · no verdicts yet
Financing the corporation. The corporation may create and issue the number of shares stated in its articles of incorporation. The remaining provisions state related rules, conditions, exceptions, or definitions.
The corporation may create and issue the number of shares stated in its articles of incorporation. Such shares may be divided into one or more classes, any or all of which classes may consist of shares with par value or shares without par value, with such designations, preferences, voting powers, and special or relative rights and such limitations, restrictions, or qualifications thereof as must be stated in the articles of incorporation. The articles of incorporation may limit or deny the voting power of the shares of any class.
The corporation shall have the power to create and issue the number of shares stated in its articles of incorporation. Such shares may be divided into one or more classes, any or all of which classes may consist of shares with par value or shares without par value, with such designations, preferences, voting powers, and special or relative rights and such limitations, restrictions, or qualifications thereof as shall be stated in the articles of incorporation. The articles of incorporation may limit or deny the voting power of the shares of any class.
Source credit: (Pub. L. 90–448, title IX, § 905, Aug. 1, 1968, 82 Stat. 548.)
- 1968Enacted · Pub. L. 90-448 · 82 Stat. 548
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-448 on 1968-08-01.
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