Section 10.06.345. Expenses of organization, reorganization, and financing.

Latest version.

The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by the corporation out of the consideration received by the corporation in payment for its shares without rendering the shares not fully paid or assessable.

Notes

History

(Sec. 1 ch 166 SLA 1988)

                    
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