59-13-110 - Stock Common and preferred.
59-13-110. Stock Common and preferred.
The capital stock may be divided into preferred and common stock. If so divided, the articles of incorporation must contain a statement of the number of shares of stock to which preference is granted and the number of shares of stock to which no preference is granted; and the nature and definite extent of the preference and privileges granted to each.
[Acts 1984, ch. 864, § 10.]