17-2330. Same; capital stock.

17-2330

Chapter 17.--CORPORATIONS Article 23.--DEVELOPMENT CREDIT CORPORATIONS; HOUSING LAWS

      17-2330.   Same; capital stock. No such corporation shall be organized with a capital stock of less than twenty-five thousand dollars ($25,000), which shall be paid into the treasury of the corporation in cash before the corporation shall be authorized to transact any business other than such as relates to its organization.

      History:   L. 1955, ch. 144, § 3; June 30.