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]


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