Section 10.06.335. Consideration for shares.

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Shares may be issued for consideration expressed in dollars fixed by the board unless the articles of incorporation reserve to the shareholders the right to fix the consideration. If this right is reserved as to any shares, the shareholders shall, before the issuance of the shares, fix the consideration to be received for the shares by approval of the outstanding shares.

Notes

History

(Sec. 1 ch 166 SLA 1988)

                    
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