§ 53-6. Payment of capital stock.
§53‑6. Payment of capital stock.
The capital stock of everybank shall be fully paid in, in cash, before it shall be authorized by theCommissioner of Banks to commence business and the full payment in cash of thecapital stock shall be certified to the Commissioner of Banks under oath by thepresident, cashier, or secretary of the said bank. (1921, c. 4, s. 6; C.S., s.217(e); 1927, c. 47, s. 3; 1931, c. 243, s. 5; 1989, c. 20.)