83-19-37 - Stock sale.
§ 83-19-37. Stock sale.
No stock sale shall be approved at a par value of less than one dollar ($1.00) per share, and no stock sale shall be approved in which commissions paid to salesmen, agents, or brokers exceed ten per cent (10%) of the asking price of the stock.
Sources: Codes, 1942, § 5661-02; Laws, 1958, ch. 438, § 3, eff from and after passage (approved May 6, 1958).