81-15-19 - Limit of capital stock to be used for certain purposes.
§ 81-15-19. Limit of capital stock to be used for certain purposes.
No organization provided for herein shall have power to use or invest more than twenty percent of its capital stock for organization, current expenses, rent, personal or real property necessary for its use in conducting its business, or for providing warehouses or warehouse facilities.
Sources: Codes, 1930, § 6489; 1942, § 4931; Laws, 1924, ch. 272.