17-6416. Formalities required of stock subscriptions.

17-6416

Chapter 17.--CORPORATIONS
Article 64.--STOCK AND DIVIDENDS

      17-6416.   Formalities required of stock subscriptions. A subscription for stock of a corporation, whether made before or after the formation of a corporation, shall not be enforceable against a subscriber, unless in writing and signed by the subscriber or by his agent.

      History:   L. 1972, ch. 52, § 43; July 1.