71 - Purchasing business of other corporations or persons.

§ 71. Purchasing business of other corporations or persons. Whenever a  corporation  shall  purchase  the  business  of  another  corporation or  person, it may make payment wholly or partly by the issue  of shares  or  other  securities  to  an amount which at par value would equal the fair  market value of the business so purchased;  and  such  securities  shall  thereupon be deemed fully paid for.