Section 47-1A-604 - Fractional shares--Scrip.
47-1A-604. Fractional shares--Scrip. A corporation may:
(1) Issue fractions of a share or pay in money the value of fractions of a share;
(2) Arrange for disposition of fractional shares by the shareholders;
(3) Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share.
Source: SL 2005, ch 239, § 60.