Section 296:4 Amount; Par Value.
If the amount of the capital stock of a corporation is not fixed by its charter it shall be fixed and limited by the corporation at its first meeting, and also the number and par value of the shares thereof; but the par value of the shares shall in no case be fixed below $25.
Source. RS 141:7. CS 149:7. GS 134:5. GL 148:5. PS 149:5. PL 227:4. RL 276:4.