Section 296:10 Sale Price.
No corporation shall sell or dispose of any of the shares of its capital stock at a price less than the par value thereof, except in sales of shares at auction for non-payment of assessments.
Source. 1849, 860:1. CS 147:20. GS 134:8. GL 148:8. PS 149:9. PL 227:10. RL 276:10.