497.15 - PAID-UP STOCK -- RIGHT TO VOTE.
497.15 PAID-UP STOCK -- RIGHT TO VOTE. Certificates of stock shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as stockholders; provided part of the stock subscribed for has been paid in cash.Section History: Early Form
[SS15, § 1641-r11; C24, 27, 31, 35, 39, § 8473; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 497.15]